Investment

Max Solutions Announces Investment in Second Manufacturing Facility; Hires Richard O’Leary as Chief Financial Officer

WILMINGTON, N.C.–(BUSINESS WIRE)–Max Solutions, Inc. (“Max Solutions” or “The Company”) today announced Richard O’Leary has been appointed Chief Financial Officer, effective May 1, 2022. The Company also announced it will invest more than $27 million to construct a new manufacturing facility in Concord, NC., slated to open in October 2022 with a focus on sustainability. It will be Max Solutions’ second manufacturing facility, covering 150,000-square feet with state-of-the-art technology to meet growing market demands. The company estimates the Concord location will create 150 jobs. Max Solution’s first manufacturing facility is located in Bristol, PA and will begin production in July.

The North Carolina Department of Commerce led the state’s efforts to support Max Solutions’ growth in North Carolina, supported by the Economic Development Partnership of North Carolina, the North Carolina General Assembly, the North Carolina Community College System, Rowan-Cabarrus Community College, Cabarrus County, the City of Concord, and the Cabarrus Economic Development Corporation.

“The announcement of our new manufacturing facility and Rich joining as CFO are both significant milestones for our Company,” said Dennis Kaltman, President and COO of Max Solutions, Inc. “Rich is an accomplished financial leader with a deep understanding of our business, which will benefit all of our customers, especially those in North Carolina, South Carolina, and Virginia who will be served by our new facility. With Rich’s guidance we look forward to identifying and training the skilled labor necessary to operate the facility as part of our long-term plan for strategic growth.”

“Our Concord location will have the same state-of-the-art equipment as its sister facility in Bristol, PA, providing the capacity to better serve our customer base up and down the Eastern seaboard,” said Marc Shore, Chief Executive Officer of Max Solutions. “Rich’s ability to partner with our leadership team will help drive overall company performance and support our continued growth. Having worked side by side with Rich while he was CFO for Shorewood Packaging from 2001 to 2004, Dennis and I are confident he is the right person for this role.”

Mr. O’Leary’s career spans more than 35 years in key finance leadership roles supporting growth, profitability and return on investment goals. From January 2020 until May 2021, he led IFF’s integration with the $45 billion merger of DuPont’s Nutrition & Bioscience Division Prior to that, he was EVP-CFO for IFF from October 2016 until December 2020. Mr. O’Leary earlier served for 21 years with International Paper Company, where he held finance leadership roles of increasing responsibility with assignments in Brazil, Belgium, France and the United States. This included serving as CFO of Shorewood Packaging from 2001 to 2004. Prior to International Paper Company, Mr. O’Leary was a Senior Auditor with Arthur Young & Co. He graduated with a bachelor’s degree in Accounting from Manhattan College.

About Max Solutions

Founded in November 2021, Max Solutions provides a differentiated specialty packaging platform to a wide range of customers in the health care and consumer industries.


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