# Nedbank Private Equity and MIC acquire majority stake in Tropic Plastic and Packaging

Nedbank Private Equity and the Mineworkers Investment Company acquired a majority shareholding in Tropic Plastic and Packaging, a South African flexible packaging producer. The executive management team also secured a minority stake.

- Type: Acquisition
- Announced: 2025-04-02
- Where: South Africa, South Africa
- Status: announced
- Products: flexible packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Tropic Plastic and Packaging](https://endata.com/companies/83895.md) (target)
- [Nedbank Private Equity](https://endata.com/companies/83896.md) (acquirer)
- [Mineworkers Investment Company](https://endata.com/companies/83897.md) (acquirer)

## Sources

- [packagingmag.co.za](https://www.packagingmag.co.za/acquisitions-evolutions/packing-a-power-move-tropic-plastics-new-backers-fuel-growth/), 2025-04-02: "We are thrilled to conclude this transaction with Nedbank Private Equity and MIC."

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