Ethos Private Equity has entered into an agreement to acquire Nampak’s tissue, corrugated and sacks divisions for a total purchase price of ZAR 1.6 billion ($143 million). This agreement excludes Nampak’s 50% shareholding in Sancella Proprietary Limited.

Ethos to acquire Nampak's tissue, corrugated and sacks divisions for ZAR 1.6 billion ($143 million)

17:00 / 十一月 25, 2014

Nov 25, 2014. /Lesprom Network/ Ethos Private Equity has entered into an agreement to acquire Nampak’s tissue, corrugated and sacks divisions for a total purchase price of ZAR 1.6 billion ($143 million). This agreement excludes Nampak’s 50% shareholding in Sancella Proprietary Limited, as the company said in the press release received by Lesprom Network.

For some time, Nampak has had a stated strategy of focusing on core product segments in South Africa and the rest of Africa, and these three divisions do not form part of this focus.

The transaction is subject to a number of conditions precedent, including various de-merger and supply arrangements with Nampak and approval by the Competition authorities.

The effective date of the transaction is expected to be in the 2Q 2015. On conclusion of the transaction, it is envisaged that the re-branded businesses will continue to be managed autonomously.

Lesprom Network

Ethos to acquire Nampak's tissue, corrugated and sacks divisions for ZAR 1.6 billion ($143 million)

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