Master Plastics takes its place on the JSE

Master Plastics takes its place on the JSE

The Master Plastics Group was unbundled from the Astrapak Limited Group on 24 May 2017. In order to give effect to this and prior to the implementation of the unbundling, Master Plastics was incorporated and a number of companies and/or assets were disposed of to the Company through a series of “asset-for-share-transactions” at the end of January 2017 and February 2017, which resulted in the establishment of the Group. The Group includes the manufacturing businesses of Barrier Film Converters (Pty) Ltd (“Barrier Film Convertors”), Peninsula Packaging and Plusnet-Geotex.