Public Investment Corporation of South Africa increases stake in Nampak to 20.5%

SOUTH AFRICA – The Public Investment Corporation of South Africa, responsible for investing Government Employee Pension Fund, has increased its stake in Africa’s largest packaging manufacturer, Nampak. The PIC previously held 10.47% in Nampak which […]

South African packaging group Nampak officially opens new technical hub

SOUTH AFRICA – Africa’s paper and packaging product manufacturing giant, Nampak has officially launched its Liquid Carton divisions’ new Technical Hub in Roodepoort, Johannesburg. The new plant complements Nampak’s existing liquid carton facilities, which include […]

South African packaging company Nampak reports full year loss impacted by foreign operations

SOUTH AFRICA – Africa’s largest packaging manufacturer, Nampak, reported a loss of R390m down 132% compared to last year’s profit of R1.2bn (US$81.3m), according to its annual financial results for the year ended September 30, […]

Nampak sells glass business for US$125m to AB InBev’s affiliate Isanti Glass 1

SOUTH AFRICA – Nampak, a South Africa based diversified packaging manufacturer, has sold its glass business to Isanti Glass 1 for about R1.5bn (US$125m). Isanti Glass 1 is 60% owned by investment firm Kwande Capital, […]

Nampak eyes share buyback as sale of glass business nears

SOUTH AFRICA – Nampak, a South Africa based diversified packaging manufacturer, has said that it might use proceeds from the sale of its glass business to buy back shares from shareholders. In February, Nampak entered […]

Nampak’s Bevcan unit ramps up investment in plastic bottles alternatives

SOUTH AFRICA – South Africa’s packaging group, Nampak, has indicated that various innovations are being advanced to grow the pack share of beverage cans and cartons as environmentally responsible alternatives to plastic. Amid the increase […]

Sweden packaging group to acquire Nampak’s Nigeria packaging business

SOUTH AFRICA – AR Packaging group has entered into a definitive agreement with South Africa’s Nampak for the acquisition of its Nigerian packaging business, Nampak Cartons Nigeria at an undisclosed amount. Nampak Cartons Nigeria, Subsidiary […]