Liqui-Box Acquires Maverick

Liqui-Box, Richmond, Va., USA, a flexible liquid packaging producer, announced this week that it has 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," said Ken Swanson, president and CEO of Liqui-Box. He added that "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."

Maverick was established in 1999 by Managing Director Derek Fay and has since been a leader in bag-in-box bag and pouch making equipment for the international market with more than 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," Fay said.

"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," noted Manu Bettegowda, Olympus Partners.

More information about products and services from Liqui-Box is available online.