Nampak rumoured to have sold out to so called “Vulture Fund” Greybull

As this edition went to the send box there are very strong rumours that Nampak have sold their UK bottle blowing factories to Greybull who are badged as rescuers of distressed businesses with a view to turning them around.

This sale should send further shivers down the spine of all involved in the UK liquid business including responsible retailers and those in the food service.

Greybulls previous acquisitions include British Steel, plus Rileys Snooker, Morrisons M. Local Stores, Monarch airlines and Comet all of whom ended up in administration with Greybull pocketing its fees which has led some to refer to them as a “Vulture fund”

These are two grim news stories to have in the run up to Christmas which further highlights the perilous state the GB Liquid milk market is in. Ho