Global food container and plasticware company Tupperware has placed its industrial property and head office in Brakpan, Gauteng, on the market for an undisclosed amount, reports Moneyweb.

This is as the group looks to dispose of its non-core assets amid liquidity concerns. Tupperware’s 41 585m2 SA base was listed for sale on the Naspers-owned property search engine Property24 in July, months after reports surfaced in April that the American company was facing financial hardship.

Tupperware’s senior manager for global communications and public relations, Yeni Gonzalez, said the sale forms part of the group’s global strategy but clarified that it does not mean the end of its activity in the local market.

‘It does not impact our presence in the SA market. Our direct sellers and consumers can continue to buy Tupperware products in the market the same way they do today.’

Earlier this year, the company – which is listed on the New York Stock Exchange – informed investors of its liquidity challenges, which at the time it said posed a risk to its ability to fund its operations.

Full Moneyweb report