Scott Group, the packaging and pallets specialist, has snapped up yet another firm, Marlaw Pallets, and hopes to add £28m to its turnover.
Scott, based in Rosyth, Fife, said the deal "reinforced" its move into the packaging sector and was its 27th acquisition since 1998.
Managing director John Scott said: "Taking on Marlaw will see us continue to diversify and pursue strong growth in areas like packaging and reconditioned pallets."
The deal increases Scott Group's turnover from £95m to £123m and staff numbers by 300 to 1,150. Scott hopes to hit £150m turnover within three years.
Scott, who runs the firm with his brother Norman, said: "The addition of Marlaw gives us an excellent platform to explore further growth in Europe."
Marlaw, based in Airdrie, sells more than three million reconditioned pallets a year and is headed by managing director Mark Lawlor.
It was launched 25 years ago and is one of the UK's largest makers and suppliers of pallets.
Scott, based in Rosyth, Fife, said the deal "reinforced" its move into the packaging sector and was its 27th acquisition since 1998.
Managing director John Scott said: "Taking on Marlaw will see us continue to diversify and pursue strong growth in areas like packaging and reconditioned pallets."
The deal increases Scott Group's turnover from £95m to £123m and staff numbers by 300 to 1,150. Scott hopes to hit £150m turnover within three years.
Scott, who runs the firm with his brother Norman, said: "The addition of Marlaw gives us an excellent platform to explore further growth in Europe."
Marlaw, based in Airdrie, sells more than three million reconditioned pallets a year and is headed by managing director Mark Lawlor.
It was launched 25 years ago and is one of the UK's largest makers and suppliers of pallets.
Source: packagingnews
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