# South African Competition Tribunal prohibits Corruseal-Neopak merger

South Africa's Competition Tribunal prohibited the proposed intermediate merger between Corruseal Group and Neopak Holdings, a decision reported on March 2, 2023 and issued the day before. The Commission said the merger would increase concentration in an already highly concentrated recycled containerboard market.

- Type: Regulation
- Announced: 2023-03-01
- Where: KwaZulu-Natal, Western Cape, Gauteng, South Africa
- Status: cancelled
- Products: recycled containerboard paper, corrugated boxes, corrugated sheets
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Corruseal Group](https://endata.com/companies/3389.md) (acquirer)
- [Neopak Holdings](https://endata.com/companies/8667.md) (target)
- [Competition Tribunal](https://endata.com/companies/10287.md) (partner)

## Sources

- [golegal.co.za](https://www.golegal.co.za/prohibition-proposed-merger/), 2023-03-02: "The Tribunal prohibited the implementation of the merger in terms of section 16 (2) of the Competition Act 89 of 1998 (as amended)."

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