COMPETITION TRIBUNAL OF SOUTH AFRICA

Case No.: IM196Mar22

In the matter between:

Corruseal Group (Pty) Ltd	First Applicant

Neopak Holdings (Pty) Ltd	Second Applicant

And

The Competition Commission of South Africa	Respondent 

Mpact Operations (Pty) Ltd	First Intervenor

APL Cartons (Pty) Ltd	Second Intervenor

In re the intermediate merger between:

Corruseal Group (Pty) Ltd	Primary Acquiring Firm 

And

Neopak Holdings (Pty) Ltd	Primary Target Firm

Panel: 	AW Wessels (Presiding Member) 
M Mazwai (Tribunal Member)
L Mncube (Tribunal Member)
 
Heard on:	07-11, 14, 16-18, 30 November 2022; 13-14 December 2022; and 02 February 2023

Last submission on:	08 February 2023
Decided on:	22 February 2023

ORDER

Further to the merging parties’ consideration application in terms of section 16(1)(a) of the Competition Act, 1998 (“the Act”) the Competition Tribunal orders that–

1.	the merger between the abovementioned parties be prohibited in terms of section 16(2)(c) of the Act; and

2.	a certificate to prohibit the merger be issued in terms of Competition Tribunal Rule 34(a).

Presiding Member Mr Andreas Wessels

Concurring: Ms Mondo Mazwai and Prof Liberty Mncube

22 February 2023 Date