Liqui-Box to acquire Maverick operations

LEADING provider of flexible liquid packaging solutions, Liqui-Box agrees to acquire the Engineering and Flexible operations of Maverick, based in Cape Town, South Africa. Maverick Engineering manufactures bag-in-box making equipment, and Maverick Flexibles designs and manufactures specialty films and laminates for food and beverage markets.

“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," says 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."

Manu Bettegowda, Olympus Partners adds, "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.”