Liquibox acquires Maverick
Liqui-Box, a world leader in flexible liquid packaging solutions, announced today that they have signed a definitive agreement to acquire both the Engineering and Flexible operations of Maverick, based in Cape Town, South Africa.
Maverick Engineering is the premier manufacturer of bag-in-box making equipment and Maverick Flexibles designs and manufactures specialty films and laminates for food and beverage markets.
“Maverick brings a world-class team of people and game-changing innovation around all aspects of the bag-in-box manufacturing and converting process that will immediately take Liqui-Box’s capabilities to a new level. Combining Maverick with Liqui-Box will be transformational for the bag-in-box market as we fully integrate our various substrates and fitment designs with a best-in-class bag making process into all of our manufacturing plants around the world.”
—Ken Swanson, President and CEO of Liqui-Box
Maverick was established in 1999 by Managing Director Derek Fay and has since been the leader in bag-in-box bag and pouch making equipment for the international market with over 80 machines sold. “We are excited to be joining Liqui-Box and share their vision of growing the business with the best people, products and equipment technology available today.”
“Maverick is the first in a series of acquisitions planned for Liqui-Box and aligns with the strategic investments we continue to pursue. The acquisition of Maverick is an ideal fit to Liqui-Box’s portfolio and will be an important contributor to our future growth plans,” commented Manu Bettegowda, Olympus Partners.
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