Close the Loop Ltd (ASX:CLG) acquired The Pouch Shop CC for ZAR 8 million on October 1, 2022. The purchase price will be ZAR 8 million plus stock on hand less an amount equal to what is owed to trade creditors and will paid 50% at settlement with the balance paid in 24 months. The acquisition is funded from bank debt and free cash flows generated by the South African Division, Foster International Packaging.

Close the Loop Ltd (ASX:CLG) completed the acquisition of The Pouch Shop CC on October 1, 2022.