DFN-2026-103 · Full Acquisition

Meridian Packaging Industries

Verified Invite onlyManufacturingOgun8y operatingOpen for interest

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₦274M

Revenue · TTM

₦60M

EBITDA

+14%

Growth

₦384–518M

Asking range

The business

A 8-year operator with contracted, recurring revenue.

Manufacturing operator with defensible market position across South-West. Recurring revenue base, established management, and strong compliance posture. The business operates a diversified customer base with recurring revenues, well-documented processes, and a management team capable of continuity post-transaction. The current owners are pursuing a full acquisition to unlock capital for adjacent expansion.

Transaction rationale

Owner-led exit with structured transition. Management retention plan in place.

Business model

Recurring B2B & B2C revenue with contracted customer base and 3–5 year framework agreements.

Market position

Top-tier operator in the Packaging category across South-West, with defensible scale and brand equity.

Competitive advantage

Proprietary supply relationships, licensed operations, and mature technology infrastructure.

Growth potential

Adjacent geographic expansion, new product lines and margin uplift through supply-chain consolidation.

Customer profile

Mix of national accounts, mid-market and repeat consumer segments across primary and secondary cities.

Financial snapshot

Revenue

₦274M

Trailing 12 months

EBITDA

₦60M

Growth

+14%

Employees

Revenue and EBITDA history · ₦M

Revenue mix

Transaction structure

Node 1

Seller equity

Node 2

Buyer equity

Node 3

Bank financing

Node 4

Escrow reserve

Node 5

Earn-out

Node 6

Closing

Indicative structure only. Final consideration, financing mix and escrow terms are agreed inside the deal room after due diligence.

Sector context

The manufacturing sector in South-West continues to attract strategic and institutional capital, driven by formalisation, rising consumer demand and consolidation among mid-market operators. Verified listings in this category currently see above-average buyer engagement on XETUS.

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Location

Ogun

Operations are centred in Ogun, with distribution reach across South-West and established logistics corridors to secondary cities.

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Buyer-fit score

Risk summary

ConcentrationRisk · Medium

RegulatoryRisk · Low

Working capitalRisk · Low

Key-personRisk · Medium

TechnologyRisk · Low

Due diligence readiness

Financial statements

3 years audited

Tax clearance

Current

Corporate registry

Verified

Material contracts

In data room