South African company Penflex has been transformed into a plastics conversion business specialising in the local manufacture of writing instruments, window blind components and houseware products for the domestic and international market. This is after Legacy Africa Capital Partners (LACP) took a majority share in Penflex, which had previously focused only on stationery, as well as acquiring the full plastics conversion business of the original parent company, Alplas Plastics.

The tran...