CarnaudMetalbox Zimbabwe Limited and Mega Pak Zimbabwe (Pvt.) Ltd. made an offer to acquire Hunyani Holdings Ltd. (ZMSE:HUNY) from Nampak Limited (JSE:NPK) and others in a reverse merger transaction on July 22, 2014. As part of the consideration, 389.45 million shares are issued. Also, Nampak Limited intends to consolidate Hunyani Holdings, CarnaudMetalbox Zimbabwe and MegaPak Zimbabwe into one business entity, to be named Nampak Zimbabwe Limited. Nampak will emerge majority shareholder in Nampak Zimbabwe Limited with 51.4% shareholding. CMB Managing Director John Van Gend, Nampak's current Zimbabwe manager, will take over as Chief Executive Officer of the consolidate group, David Bain, will remain Chairman and Managing Director of Hunyani Paper & Packaging (1997) Private Limited. The deal will require approval from shareholders of Hunyani Holdings at an extraordinary general meeting, approval by competition and tariff commission reserve bank of Zimbabwe's Exchange Control. The deal is expected to complete by October 1, 2014.

As of August 21, 2014, shareholders of Hunyani Holdings Ltd. approved the deal unanimously and approvals for the change of name from Hunyani Holdings Limited to Nampak Zimbabwe Limited have been obtained. As of September 11, 2014, regulatory approval was received from National Indigenisation and Economic Empowerment Board and Nampak's shareholders approved the deal. As of November 12, 2014 the deal was approved by Competition and Tariff Commission. All special and ordinary resolutions were passed unanimously. National Indigenisation and Economic Empowerment Board had approved the transaction.