- Mcbride
- 02 April 2026 08:13:42
Source: Sharecast
Privately-owned Eurotab designs and manufactures solid-format cleaning and hygiene solutions, serving mainly private label and certain contract manufacturing markets.
In the year to 30 June 2026, the business is expected to report consolidated revenues of €65m with the majority of the revenues in Europe derived from its two specialised manufacturing sites in France. Eurotab also operates a smaller business supplying the market in Turkey from its facility located near Istanbul.
McBride said the deal is in line with its growth strategy and is expected to further strengthen its position as a leading detergent producer in Europe.
"The transaction will deepen relationships with certain existing customers and will also provide the opportunity to develop the Turkish operation as a platform for expanding the group's manufacturing capabilities and for accessing new target markets over time," it said.
The acquisition is expected to be accretive to earnings per share in the first full year of ownership and will raise overall group margins, adding about 0.5 percentage points to the EBITDA margin, and moving the group towards the 10% target set at the 2024 capital markets day.
Chief executive Chris Smith said the acquisition is expected "to further reinforce the strong market position of McBride's Unit Dosing division in the European detergent market and bring meaningful scale to the group".
"The board continues to believe that McBride's market capitalisation remains significantly undervalued and this proposed acquisition, along with the ongoing buyback, reflects our confidence in the long-term value of the business."
The company also gave a brief update on trading conditions, saying the Middle East conflict has so far had a relatively small impact, mostly limited to haulage cost increases from higher fuel prices.
However, these conditions have started to change, with the most heavily impacted chemical and packaging suppliers implementing price increases to recover higher petrochemical derived feedstocks and / or the impact of higher energy costs in chemical and packaging production.
"The first signs of possible shortages in supply chains around the world are beginning to emerge," the company said. "As a result, the group will see elevated input costs in April and expects further increases in the near future."
McBride said it has already informed customers about temporary price adjustments, or surcharges to current pricing.
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