Neopak

INVESTMENT YEAR: 2015 - Current

Neopak
BUSINESS DESCRIPTION:
Paper and Packaging
INVESTMENT PARTNERS:
Management
FUND:
ENTERPRISE VALUE
Not disclosed
INVESTMENT TEAM
Neopak
Neopak
Overview

Neopak is the second largest player (c. 18% market share) in the South African corrugated and converting market with a diversified customer base servicing the commercial and agricultural sectors.

The business was acquired by Ethos in 2015 from Nampak and re-branded as Neopak. The business is backward integrated (owning a recycled paper mill that supplies the majority of its paper requirements) and collects most of its waste fibre requirements through Neopak Recycling (jointly acquired with Twinsaver).

Neopak employs c.1,200 people across its operations.