Ethos to sell Neopak to 100% black-owned investment group

Ethos Private Equity has announced that its Ethos Fund VI has agreed to sell 100% of paper and packaging business Neopak Holdings for an undisclosed sum to Corruseal Group, a company whose origins date back to the early 1960s but is now 100% black-owned.

Neopak was first purchased by the Ethos Fund VI in 2015 from Nampak, when it was known as Nampak Corrugated, and currently has annual revenues of about R1.1bn. The Ethos website describes it as the second-biggest player in the SA corrugated and recycled packaging space, with a market share of about 18% thanks to its production of recycled containerboard and related paper products from its paper mill operations in Rosslyn, Pretoria, and its recycling operations in Amalgam, Johannesburg...

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ethos to sell Neopak to 100% black-owned investment groupCorruseal group will buy 100% of Neopak from the Ethos Fund VI for an undisclosed sum as Ethos begins capital raising next fund
Source: BDliveSA - 🏆 12. / 63 Read more »

Ethos to sell Neopak to 100% black-owned investment groupCorruseal group will buy 100% of Neopak from the Ethos Fund VI for an undisclosed sum as Ethos begins capital raising next fund
Source: BDliveSA - 🏆 12. / 63 Read more »

SA firm aims high in budding cannabis industry with R300m investment from a US company | Fin24JSE-listed industrial cannabis investment business Labat Africa has announced that it has scored a R300m investment from a US company. | Fin24 Fin24 Yazi it look like I have to start by looking investor's abroad nami 🤞🏿 Fin24 hey man as long my stock is finally about to see green 😭
Source: News24 - 🏆 4. / 80 Read more »