Master Plastics has announced the acquisition of the business of Pouch Dynamics from Afripack Consumer Flexibles with effect from 1 May 2019.
Pouch Dynamics, which will continue to operate from its BRC-accredited facility in Cape Town, specialises in the manufacture and supply of a variety of pre-made bags and pouches to customers in the food, home, personal care and industrial markets. Pouch Dynamics focusses on product innovation and development to ensure that its product offering reflects international trends and remains relevant in a fast-changing packaging environment.
Manley Diedloff, Chief Executive Officer of Master Plastics commented: “Pouch Dynamics complements our existing business portfolio and expands our current product offering into the market. The acquisition meets our strategic objectives and presents us with opportunities to expand our value offering to the combined customer base and to grow our footprint in our chosen markets. The business will also introduce Master Plastics to a new customer base and we look forward to engaging and exploring with them the opportunities that will emerge over time.”
He further added: “The continuation of the supply relationship that currently exists between Pouch Dynamics and Afripack Consumer Flexibles will ensure continuity of supply for both Pouch Dynamics and its customers, which is always a potential concern when a change in ownership in a business occurs. We have further ensured the retention of certain critical key skills which will be an important factor for the future success of the business. We believe that we have the ability to add significant value and that Pouch Dynamics will benefit from being part of a group more closely aligned with its business model.”
Pouch Dynamics represents Master Plastics’ second acquisition following the acquisition of the business of Mapflex in October 2018.