A massive plastic plant is going under the hammer, and stems from the liquidation of Tupperware Southern Africa.
The Florida-based container brand Tupperware announced it would exit South Africa in 2024 as part of a larger liquidation and restructuring strategy.
The company filed for Chapter 11 bankruptcy in September 2024 due to declining sales and worsening financial circumstances.
Regulatory filings showed that the brand’s new owners would focus on eight core markets, which exclude South Africa and Australia.
Tupperware was so popular that it became synonymous with all forms of plastic containers. Other popular brands that became placeholders for a product include Jacuzzis, Jet Skis and Frisbees.
As per the local liquidation, Park Village Auctions (PVA) has invited offers to purchase a significant plastic manufacturing and distribution plant with movable assets.
“This is a unique opportunity to acquire a substantial facility with a comprehensive plant and equipment inventory,” says PVA’s Werner Burger.
“The scale of the operation and assets offered due to the liquidation of a globally recognised entity like Tupperware Southern Africa make this an attractive proposition for various potential buyers.”
The immovable property comprises Erf 141, Vulcania Ext 2, 92 Lemmer Road, Brakpan, measuring 4.1573 hectares.
The property features a large warehouse divided into four sections, a double-storey office building, a security office, a health and safety office, and a covered staff parking area.
The total gross leasable area (GLA) of the property is 22,747 sqm, and a wide array of movable assets, including a complete plastic manufacturing and distribution plant, are available.
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Updated: 01 May 2025 Thursday
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