Platinum Equity Acquires Nampak Cartons, Healthcare Packaging Businesses
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Platinum Equity, Los Angeles, Calif., USA, reports that has completed the acquisition of Nampak Cartons and Nampak Healthcare from South Africa-based Nampak Limited. Nampak produces cartons for the food and beverage sectors from two sites in the U.K. and one in Holland. Nampak Healthcare manufactures cartons, leaflets, labels, and blister pack foils for the pharmaceutical industry from 11 sites across Europe.
"These are sound businesses with great people and a lot of potential," said Brian Wall, partner at Platinum who led the team pursuing the acquisition. "We see real opportunity as a standalone enterprise for growth and value creation through operational improvement and strategic acquisitions."
Last week the healthcare business announced plans to invest in a new facility that would replace and provide an upgrade to the company's current factory in Portsmouth, England. All current Portsmouth staff would be retained and transfer to the new site in nearby Segensworth, which is scheduled to be fully functional by the end of this year.
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