Germac Trading

Germac Trading CC

Growth Capital Partners (“GCP”) is pleased to announce that, through its investment in Baypac Solutions (Pty) Ltd (“Baypac”), it has supported the acquisition of the Germac Trading CC (“Germac”) business, effective 1 August 2025.

Established in 2006, Germac is a specialist supplier of point-of-sale polyolefin (POF) shrink film and skin pack film. All products are food-grade and backed by ISO 22000 and BRC certifications, reflecting the high standards of their production partners. With a low micron profile that reduces overall plastic consumption, Germac’s offering is also environmentally positive.

GCP first invested in Baypac in 2018, supporting the company’s growth as a provider of niche, end-of-line packaging products and solutions across multiple sectors. The acquisition of Germac represents a strategic bolt-on, broadening Baypac’s product portfolio, deepening customer relationships, and unlocking cross-selling opportunities.

The transaction enabled Germac’s founding shareholders to realise full value for their equity as well as a structured exit from their executive roles, ensuring a seamless handover to safeguard business continuity.

We had identified the POF shrink film segment as a strategic growth area in South Africa’s packaging industry. These films provide for attractive packaging options as they offer clarity, shelf appeal, durability, versatility, and reduced environmental impact. When GCP proposed Germac as a strategic acquisition, we immediately recognised the opportunity. Baypac has premises in Johannesburg and Gqeberha, and Germac has premises in Cape Town; this transaction has therefore also provided geographical expansion, which strengthens our national presence and customer reach. It allows us to consolidate expertise, streamline supply chains, leverage existing resources and accelerate innovation.

Gerhard Oosthuizen, Managing Director of Baypac

Germac presented a unique bolt-on opportunity for Baypac. Germac is the dominant player in its market, so we are very pleased and proud to have this business in our stable, and we look forward to working with the Germac executives in taking the business to the next level. Baypac is now better positioned to deliver a broader, more diverse offering to its clients. This acquisition enhances Baypac’s market presence, increases its resilience, introduces diversification and expands its growth potential.

Scott Broadley

We are excited to be adding another product set to our basket as we continue to drive strong growth for Baypac. Significant cross-selling opportunities exist between the two customer bases. We value the relationships Germac has developed, and together we will ensure that the level of service and depth of relationships remain.

Aoron Raven, Sales Director of Baypac