Ethos Private Equity agrees to acquire Nampak divisions for R1.6M ($144M)

Ethos Private Equity confirms that it has entered into an agreement to acquire Nampak’s Tissue, Corrugated and Sacks divisions for a total purchase price of R1 575 million.

This agreement excludes Nampak’s 50% shareholding in Sancella Proprietary Limited.

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.

Read more: Ethos Private Equity (Proprietary) Limited :: Ethos confirms Nampak divisions acquisition intention.