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The Company - History
Transpaco originates from the Transvaal Paper and Packaging Company established in the 1940’s. In 1969 Sam Abelheim, the past Group President, acquired an interest in the company. He embarked on an ambitious expansion programme extending the product range and acquiring several competitors. Transpaco was essentially a distributor and wholesaler of packaging products until its acquisition in the late 1970’s of paper converting and printing machinery. At that time it became clear that the future of Transpaco had to include manufacturing. Steve Harmse, who is joint managing director of Transpaco Specialised Films, has maintained Transpaco Packaging’s position as a substantial contributor to group growth.
In 1981 Transpaco established a small plastics factory which was followed by the acquisition of Plastafrica (Transpaco Flexibles) in 1983 – the operation becoming a significant contributor to group earnings and is now run by Quentin Tomaselli.
Transpaco listed on the JSE in 1987
. Funds raised through the listing enabled the group to acquire Framen Paper (Transpaco Cores) a national supplier of cardboard tubes and cores in South Africa headed up by Charlie Bouzaglou.
Transpaco Specialised Films which operates in the pallet stabilisation market, which was established in 2004 by Ken Harris and Steve Harmse, now commands a major position in this market.
Britepak, the group’s printed folded carton business specialising in the pharmaceutical industry was acquired in 2005 at which time John Latter joined the group as divisional managing director.
In December of 2006 the group acquired the Polyfoil Retail plastic bag business (Transpaco Flexibles Mpumalanga) elevating Transpaco to the largest supplier of retail plastic bags in South Africa lead by Cesseri Taylor.
The group further acquired the recycling business of Recycling Plastics positioning Transpaco Recycling as South Africa’s largest recycler of post consumer polyethylene plastic material.
The group concluded a broad based BEE transaction with CI the investment arm of the union representing the majority of Transpaco’s workforce. An independent accredited rating agency has awarded Transpaco level 5 status in terms of BEE compliance.
Transpaco is a decentralised business which operates from nine manufacturing sites, distributing nationally through its own depots and independent agents. Its customer base extends across all sectors of the economy. Louis Weinberg, group Financial Director ensures strict financial discipline supported by divisional financial managers and group accountants.
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