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South Africa's Competition Commission approved Guala Closures' proposed acquisition of Astir Vitogiannis, whose subsidiary Coleus Packaging is a major crown cork supplier in Southern Africa. The approval comes with specific conditions.
Coleus Packaging invested R40 million (US$2.14 million) in a PMC500 metal crown manufacturing machine for its Alrode factory in Alberton, Johannesburg, able to produce 5,000 crowns per minute.
Coleus Packaging has acquired and installed a new PMC500 machine at its Alrode factory in Alberton, South Africa, spending about R40 million to raise output of metal crown closures by about 20%. Yearly output is expected to rise from six billion to seven to eight billion units.
