# Corruseal Group to buy Neopak Holdings from Ethos Fund VI

Ethos Fund VI agreed to sell 100% of paper and packaging business Neopak Holdings to South African Corruseal Group for an undisclosed sum. Neopak has annual revenue of about R1.1bn and operates a paper mill in Rosslyn, Pretoria.

- Type: Acquisition
- Announced: 2021-12-06
- Where: Pretoria, South Africa
- Status: announced
- Products: recycled containerboard, corrugated packaging, paper products

## Companies

- [Corruseal Group](https://endata.com/companies/3389.md) (acquirer)
- [Neopak Holdings](https://endata.com/companies/8667.md) (target)
- [Ethos Fund VI](https://endata.com/companies/8668.md) (partner)

## Sources

- [businessday.co.za](https://www.businessday.co.za/bd/companies/financial-services/2021-12-06-ethos-to-sell-neopak-to-100-black-owned-investment-group/), 2021-12-06: "Ethos Fund VI has agreed to sell 100% of paper and packaging business Neopak Holdings for an undisclosed sum to Corruseal Group"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.