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Nampak sells cartons and labels business

16th September 2013

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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JSE-listed Nampak on Monday said it would sell its cartons and labels business in South Africa to a subsidiary of Caxton and CTP Publishers and Printers for an undisclosed amount.

The sale, which was expected to be concluded during the first quarter of 2014, was in line with Nampak’s strategy of focusing on specific regions and core products.

Nampak noted that the transaction remained subject to conditions precedent, including approval by the competition authorities.

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