Novus Holdings welcomes ITB Manufacturing on board

In June 2017, the Competition Commission approved the proposed merger between Novus Holdings, a leader in commercial print and manufacturing, and ITB Manufacturing, a private company that manufactures and supplies flexible plastic packaging solutions. Accordingly, it was announced via SENS on 19 September 2017 that this merger will come into effect on 01 October 2017. This acquisition forms part of Novus Holdings’ business strategy to diversify into related and new markets to boost profitability and increase cashflow through sourcing new revenue streams for the Group.