Ethos Fund VI has entered into a sale agreement in respect of South African paper and packaging supplier Neopak Holdings with the Corruseal Group.

The Corruseal Group, which is 100% black-owned, intends to acquire 100% of Neopak Holdings (with revenues of about R1.1 billion (about $69.9 million)). Neopak’s business focuses exclusively on the manufacturing of high-quality recycled containerboard and related paper products via its paper mill operations in Rosslyn and recycling operatio...