Key Highlights:

• Master Plastics receives undisclosed funding from Nedbank and Investec to expand sustainable packaging production.

• Metier Capital Growth Fund III replaces Fund II in ownership shift, signaling a new growth phase.

• Company targets African and international markets with focus on recyclable packaging and agro-tech.

South African packaging firm Master Plastics has secured new funding from Nedbank Corporate & Investment Banking and Investec Investment Banking, the company said on June 18. The financing package includes equity and structured loans, though the total amount was not disclosed.

The fresh capital will be used to scale production and accelerate expansion into African and international markets, with a particular focus on sustainable packaging and agriculture-related technologies, such as shade nets.

Backed by Metier Private Equity and led by CEO Manley Diedloff, the company will channel the investment into three of its core divisions: PlusNet, Barrier Film Converters, and Peninsula Packaging.

The deal also marks a shift in ownership, as Metier Capital Growth Fund II exits and is replaced by Metier Capital Growth Fund III, positioning the business for its next phase of growth.

“These businesses are well-positioned for continued growth in sectors critical to economic development and environmental stewardship,” said Peter Rowse, Investment Executive at Metier. “We are proud to partner with Nedbank, Investec, and Manley to support this next growth phase.”

Both Nedbank and Investec have signaled increased interest in supporting green and sustainable projects, particularly those tied to South Africa’s agriculture and export economy.

The country’s plastic packaging market was valued at $2.35 billion in 2023, with projected annual growth of 2.5% through 2030, driven by demand in sectors such as food, beverages, and pharmaceuticals.

This article was initially published in French by Chamberline Moko

Edited in English by Ola Schad Akinocho