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Caxton subsidiary CTP acquired Amcor's Cape Town bag-in-box and pouching operations and its Port Elizabeth operation for R90 million, effective 1 August 2022 after competition approval.
South Africa's Competition Tribunal unconditionally approved CTP Limited's acquisition of the packaging operations of Amcor Flexibles South Africa in Cape Town and Port Elizabeth, including bag-in-box laminate production and tyre-liners.
Caxton and CTP Publishers and Printers, through subsidiary CTP Limited, agreed to acquire as a going concern the Amcor bag-in-box and pouching operations in Cape Town and the Port Elizabeth operations for R90 million cash, subject to competition approval.