ZAMBIA – RMB Corvest, in partnership with Dlondlobala Capital, has completed a management buyout (MBO) of Nampak Liquid Cartons, a division of Nampak Products Ltd.
This deal also includes Nampak’s operations in Zambia and Malawi.
Nampak Liquid Cartons specializes in manufacturing and supplying paper-based beverage packaging solutions, including Pure-Pak and Conipak (conical) cartons.
The company’s primary markets are South Africa and Zambia, with Malawi representing a smaller portion of the business.
Following the buyout, the business will become part of the newly formed Diversified Liquid Packaging Group (DLP Group) and retain its existing operations and staff.
Menzi Khoza, Executive at RMB Corvest, highlighted the strength of the management team as a key factor in the investment.
The leadership includes Group CEO Derek Perryman, South Africa MD Raymond Dube, and Zambia and Malawi MD Shaun du Plessis.
Khoza also emphasized the business’s focus on environmentally sustainable paper packaging, which aligns with growing demand for eco-friendly solutions.
“This is an opportunity to lead a well-positioned business with an established client base, allowing it to thrive as an independent, privately owned group,” said Perryman, a shareholder and Group CEO of the DLP Group.
He expressed confidence in the growth potential, particularly in expanding the business beyond South Africa.
World-class capabilities and growth potential
The DLP Group boasts world-class packaging capabilities and has long-standing relationships with key clients.
Fundiswa Roji-Nodolo, CEO of Dlondlobala Capital, emphasized the deal’s unlocked value and growth potential, particularly given the business’s blue-chip customer base.
The DLP Group offers a fully integrated packaging solution that includes packaging products and the necessary filling equipment, along with technical services to maintain and enhance clients’ packaging efficiencies.
In the current economic climate, this ability to deliver cost-effective and sustainable packaging solutions positions the business well for future growth.
“We have a strong relationship with our management team, and RMB Corvest has a proven track record of successful management buyouts,” said Melanie Pillay, Executive at RMB Corvest.
“We are confident in the potential for steady growth and solid returns in the years ahead.”
This acquisition marks a new chapter for Nampak Liquid Cartons as it transitions into the DLP Group, poised for expansion and innovation in the sustainable packaging industry.
Sign up to receive our email newsletters with the latest news updates and insights from Africa and the World HERE
