South Africa's Nampak to sell cartons unit to Caxton subsidiary
JOHANNESBURG (Reuters) - Nampak Ltd said on Monday it was selling its South African cartons and labels business to a unit of Caxton and CTP Publishers and Printers Ltd for an undisclosed sum. Nampak, Africa's largest packaging firm, said the move was part of a strategy to focus on key regions and core products and was subject to conditions including approval by South Africa's competition authorities.