Brussels approved the sale of Nampak Paper to US private equity firm Platinum, which will now be free to complete the deal for the packaging company’s carton and healthcare businesses.
Nampak Cartons produces cartons for the food and beverage sectors from three sites – two in the United Kingdom and one in Holland. Nampak Healthcare manufactures cartons, leaflets, labels and blister pack foils for the pharmaceutical industry from 11 sites across Europe.
The change of ownership will be effective from the end of February and rebranding campaign for both businesses is underway, said a Nampak statement.
Platinum Equity is an investment company with headquarters in Los Angeles and principal offices in Boston, New York and London. Founded in 1995 and privately owned, the firm has completed more than 100 acquisitions.
The Commissioned also cleared the joint acquisition of Trakya by French company Saint Gobain and Trakya Cam, from Turkey, which manufactures glass packaging, glass and chemicals
The new joint venture will be active in the manufacture and sale of glass in Russia.