Not many shareholders in Novus Holdings will shed tears when the printing and packaging group disposes of its thin-margined tissue business.
While the need to diversify away from the strains of the printing industry was understandable, the 2014 acquisition of a KwaZulu-Natal-based tissue plant was probably not the best way to mop up profits.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
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