Company Comment
No tears when Novus disposes of its thin-margined tissue business
Novus’s new management team has been stoic about this prickly legacy issue and not rushed into disposing of the tissue assets
12 November 2019 - 17:57
Not many shareholders in Novus Holdings will shed tears when the printing and packaging group disposes of its thin-margined tissue business.
While the need to diversify away from the strains of the printing industry was understandable, the 2014 acquisition of a KwaZulu-Natal-based tissue plant was probably not the best way to mop up profits...
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