TRANSPACO LIMITED
(Registration number 51/00788/06)
("Transpaco")
PRESS RELEASE
Following the investment by Bidvest group through the open market in
Transpaco's issued capital, Joe Pamensky a non-executive director of several
listed and unlisted companies, including the Bidvest group, has joined the
board of Transpaco in a non-executive capacity. He will also join the audit and
renumeration committees of Transpaco.
Simultaneously with Joe Pamensky's appointment, Steven Chaitel will join the
board as group financial director. Elio Rovetti has resigned from the board of
Transpaco.
Transpaco is a leading plastics and packaging manufacturer with its focus on
packaging for all sectors of the economy, reclamation and recycling of plastic
waste, rigid plastic manufacturing, scholastic stationery, tubular cardboard
core manufacturing and rigid PVC extrusion. The group operates from nine
facilities and distributes nationally. Each unit functions autonomously and is
responsible for its own performances.
Phillip Abelheim, Chief Executive of Transpaco also disclosed that Transpaco
has acquired the Jiffy division from Adcock Ingram. The Jiffy brand covers a
comprehensive range of household plastic products including, sandwich, utility
and cooking bags as well as cling wrap, bin liners and refuse bags. Abelheim is
confident that Transpaco will develop Jiffy into a market leader.
Ends
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