Nampak has also been granted an option to acquire a leading rigid plastics company in Nigeria. The total investment is US$301m and will be funded through available cash resources and existing debt facilities.
Nampak's CEO Andrew Marshall said: "This acquisition will significantly increase Nampak's presence in Nigeria, which is Africa's second largest economy and where we already manufacture food and general cans in our factory in Lagos, and cigarette cartons, food cartons and labels at our factory in Ibadan, 120 kilometres north of Lagos."
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