RMB Corvest, in partnership with Dlondlobala Capital, has completed a management buyout (MBO) of Nampak Liquid Cartons, a division of Nampak Products Ltd, along with its operations in Zambia and Malawi. The acquisition will see the formation of the Diversified Liquid Packaging Group (DLP Group), which will retain its current operations and workforce.
Nampak Liquid Cartons produces and supplies paper-based packaging for beverages, including Pure-Pak and Conipak cartons, with core operations in South Africa and Zambia, while Malawi remains a smaller market. The move to establish the DLP Group positions the business as an independent entity with a focus on sustainable packaging.
Menzi Khoza, Executive at RMB Corvest, highlighted the strength of the management team, led by Group CEO Derek Perryman, South Africa MD Raymond Dube, and Zambia and Malawi MD Shaun du Plessis. “We are excited about this investment, especially with the company’s focus on sustainable, environmentally friendly paper packaging,” Khoza said.
Perryman, now shareholder and CEO of the DLP Group, emphasized the potential for growth as a standalone entity. “This is an opportunity to drive a well-positioned business with a solid client base, and we believe we can further strengthen our position outside South Africa,” he noted.
Fundiswa Roji-Nodolo, CEO of Dlondlobala Capital, added that the deal brings value, citing the company’s long-standing relationships with key clients. “This investment unlocks notable growth potential, especially given the blue-chip customer base.”
The DLP Group aims to provide integrated packaging solutions, including technical services and filling equipment, with a focus on cost-effective and environmentally friendly options in the current economic environment. Melanie Pillay, Executive at RMB Corvest, expressed confidence in the venture’s prospects, saying, “We are confident of achieving steady growth with good returns.”