RMB Corvest acquires stakes in Nampak businesses in SA, Zambia and Malawi
RMB Corvest acquires stakes in Nampak businesses in SA, Zambia and Malawi
RMB Corvest has concluded a management buyout of Nampak Liquid Cartons, Nampak Zambia and Nampak Malawi.
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RMB Corvest, in partnership with Dlondlobala Capital, have concluded a successful management buyout of Nampak Liquid Cartons (a division of Nampak Products), Nampak Zambia and Nampak Malawi.
Nampak Liquid Cartons is a separate business division under Nampak Products which manufactures, sells and supplies paper products used to package beverages, including Pure-Pak and Conipak cartons in South Africa. The core operations of the group are in South Africa and Zambia, with Malawi considered a smaller business. The businesses will be acquired by and become part of the newly formed Diversified Liquid Packaging Group (DLP Group) and will retain its current operations and staff.
“What makes this investment attractive is the backing of a strong management team, including Derek Perryman as group CEO, Raymond Dube as the South Africa MD and Shaun Du Plessis as the Zambia and Malawi MD. We are also excited that the business is predominantly a paper packaging manufacturer, offering more sustainable, environmentally friendly packaging, which is more in line with consumer expectations,” says Menzi Khoza, an executive at RMB Corvest.
“We see this as an opportunity to drive a well-positioned business with a good client base, that can thrive as a smaller standalone privately owned group. We believe we can continue to grow the business, but also to further consolidate our position outside South Africa,” says Derek Perryman, shareholder and group CEO of the DLP Group.
“This investment deal unlocks notable value and growth potential – especially when considering the current blue chip customer base,” says Fundiswa Roji-Nodolo, CEO of Dlondlobala Capital.
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