# South Africa's competition commission blocks Corruseal's acquisition of Neopak

The Competition Commission of South Africa prohibited the proposed acquisition of Neopak Limited by Corruseal Group, finding it would substantially lessen competition in recycled containerboard supply. Ethos Private Equity had agreed to sell Neopak in December 2021 for an undisclosed sum.

- Type: Regulation
- Announced: 2022-03-23
- Where: South Africa
- Status: cancelled
- Products: recycled containerboard paper, corrugated sheets, box packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Corruseal Group](https://endata.com/companies/3389.md) (acquirer)
- [Neopak Holdings](https://endata.com/companies/8667.md) (target)
- [Competition Commission of South Africa](https://endata.com/companies/9043.md) (partner)
- [Ethos Private Equity](https://endata.com/companies/9044.md) (partner)

## Sources

- [foodbusinessafrica.com](https://www.foodbusinessafrica.com/competition-commission-of-south-africa-bars-neopak-corruseal-merger-citing-its-anti-competitive/), 2022-03-23: "The Competition Commission of South Africa has prohibited the proposed acquisition of Neopak Limited by Corruseal Group"
- [foodbusinessmea.com](https://www.foodbusinessmea.com/competition-commission-of-south-africa-bars-neopak-corruseal-merger-citing-its-anti-competitive/), 2022-03-23: "The Competition Commission of South Africa has prohibited the proposed acquisition of Neopak Limited by Corruseal Group"

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