|Investment Type||Shareholder Activism|
|Subsidiary investment type||Growth and Replacement|
|Our entrepreneur partners||Robin Moore and Manley Diedloff|
Astrapak, incorporated in 1996 and listed on the Johannesburg Stock Exchange in 1997, is a consolidation of plastic packaging companies headquartered in Denver, Johannesburg. It operates nationally through rigids and the flexibles divisions (classified as discontinued), and employs over 3 000 people in its operations that report annual revenues of around R1.4 billion, making it one of the largest players in the South African plastic packaging market. Astrapak was delisted as part of a sale of RPC Group Plc (“RPC”) in June 2017, resulting in a partial realisation LMCGF.
Master Plastics Limited was unbundled from Astrapak and separately listed on AltX on 24 May 2017, just prior to the finalisation of the sale of Astrapak to RPC. Master Plastics is the consolidation of three flexible packing businesses for use in the fast moving consumer markets, mainly food and fresh produce, groceries, industrial and agricultural sectors. Master Plastics employs 479 people and reports annual revenues approaching R500 million.