Nip Impressions logo
Fri, Mar 29, 2024 11:58
Visitor
Home
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
Search
My Profile
Login
Logout
Management Side
Novolex Closes on Acquisition of Flexo Converters USA, Inc.

Hartsville, S.C. (News release) - Novolex, an industry leader in packaging choice, innovation, and sustainability, announced it has acquired the business of Flexo Converters USA, Inc. and certain of its affiliates. The intention to acquire was originally announced May 17.

Flexo is a manufacturer of stock, custom and recycled paper bags, and sacks. A family-owned business, Flexo was founded in 1994. It is headquartered and has a manufacturing facility in Meriden, CT and an additional plant in Monroe, GA.

Flexo products will be sold under the Novolex Duro Bag® brand. The addition of Flexo products to the Novolex portfolio will enable Duro to support customer demand through Flexo's production capacity. Novolex has seen a significant increase in demand for paper bags and sacks as consumer purchasing patterns have shifted.

Novolex is a portfolio company of The Carlyle Group, a leading global investment firm which acquired a majority of the company in December 2016.

About Novolex
Novolex develops and manufactures diverse packaging products for multiple industries in the foodservice, delivery and carryout, food processor and industrial markets that touch nearly every aspect of daily life. The Novolex family of brands provides customers with innovative food and delivery packaging and performance solutions products for their business needs today while investing in research and development to engineer more sustainable choices for the future. With more than 10,000 employee families, Novolex operates 55 manufacturing facilities in North America and Europe, including two world-class plastic film recycling centers. To learn more about Novolex, visit www.Novolex.com.

About Flexo
The Flexo business was founded in 1994 in Meriden, CT. Its Monroe, GA facility opened in 2016. Its reputation for high quality, on-time delivery and value-added services resulted in sales growth to restaurants and food service distributors in 2020.

Readers, please tell your suppliers that you read Paperitalo Publications


Printer-friendly format

 





Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: