Ethos: SA paper packaging giant Corruseal Group seeks to acquire industry peer Neopak

SOUTH AFRICA - Ethos Private Equity through its Ethos Fund VI, has agreed to offload its 100% stake in South Africa based paper and packaging business, Neopak Holdings, for an undisclosed sum to Corruseal Group. Neopak is a world-class business with a focus on manufacturing of high-quality recycled containerboard and related paper products via its paper mill operations in Rosslyn and recycling operations in Amalgam. The company was first purchased by the Ethos Fund VI in 2015 from Nampak, when it was known as Nampak Corrugated, and currently has annual...