ELOPAK
Selling stake in South African drinks packaging joint venture to Nampak
Norwegian packaging group Elopak (Skøyen; www.elopak.com) says it has reached an agreement to sell its 50% stake in its Elopak South Africa joint venture to the Liquid Packaging division of its jv partner Nampak (Sandton / South Africa; www.nampak.co.za). The deal, which sources have valued at about EUR 10m, includes the license for “Pure-Pak” cartons. The relevant competition and regulatory authorities still have to give the final go-ahead.
The move will see Elopak leave the South African market. The Norwegian group had set up Elopak South Africa with Nampak in 1999.
The move will see Elopak leave the South African market. The Norwegian group had set up Elopak South Africa with Nampak in 1999.
18.09.2012 Plasteurope.com [223394-0]
Published on 18.09.2012