Industry Segment Packaging
Investment Type Shareholder Activism
Subsidiary investment type Growth and Replacement
Our entrepreneur partners Robin Moore and Manley Diedloff
Status Current

Astrapak, established in 1996 and listed on the Johannesburg Stock Exchange, is a consolidation of plastic packaging companies headquartered in Denver, Johannesburg. It operates nationally through Rigids and Flexibles divisions, and employs over 4 400 people in its operations which report annual revenues of around R2.6bn, making it the largest player in the South African plastic packaging market.

Metier's principals led and advised Astrapak prior to its 1997 IPO on the JSE, and continue to be represented on the board. In 2008 LMCGF built up a sizeable minority position in the company in support of the new executive management team and restructured board. Driving a renewed change programme focusing on higher margin specialist areas, Metier has helped improve working capital and treasury disciplines and re-energised the team.

© 2017 Metier. All Rights Reserved. Metier’s Promotion of Access to Information manual is available on request. Metier Private Equity (Pty) Ltd ,Lereko Metier Capital Growth Fund Managers (Pty) Ltd and Lereko Metier Sustainable Capital Managers (Pty) Ltd are licenced Financial Services Providers (Licence No: 44882, Licence No: 23261 and Licence No: 44430 respectively) in terms of the Financial Advisory and Intermediary Services Act, 37 of 2002 and have Conflict of Interest Management Policies as required in terms of Section 3A of the General Code of Conduct.
logo.jpg Metier