Ethos today confirms that it has acquired the Tissue and Corrugate divisions from Nampak.  All conditions precedent have been met; both transactions conclude on the 1st April.

The divisions will become autonomous entities under Ethos’ control, proudly reflecting separate, new leadership and operating structures.  Furthermore, both businesses have been rebranded and as of April will be called Neopak (corrugate) and TwinCare (tissue).

Critically, Ethos has also announced a number of strategic appointments at Neopak and TwinCare; the first time that the Firm has actively introduced new management as part of an acquisition since 2006.  

Accordingly:

Kevin Clayton joins Neopak as CEO from Kimberly-Clark, where he was the Vice President and MD for Middle East & Africa.

Brian Jacobs joins Neopak as CFO, having previously been the CFO of JSE-listed Metair.

Garth Towell joins TwinCare as the CEO; he was the immediate past MD of Kimberly-Clark Sub-Saharan Africa.

Joanne Gould (previously MD of Kimberly Clark Turkey) and Dion de Graaff (previously MD of Stanley Black & Decker Africa) have been appointed joint-COOs at TwinCare, focusing on business-to-consumer and business-to-business, respectively.

 

ethos.co.za

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