Mpact acquires equity stake in Africa Tanks, sells Versapak business

Paper and plastics packaging and recycling business Mpact has acquired a strategic equity shareholding in vertical tank manufacturer Africa Tanks to mitigate against drought, watershedding and deteriorating infrastructure. “The broader infrastructure and related water supply challenges are likely to persist for several years, and demand for water storage and rainwater harvesting is expected to continue growing,” says Mpact CEO Bruce Strong.