Novolex Acquires Pactiv Evergreen Inc.

Apollo Funds to Acquire Majority Stake in Novolex

February 14, 2022

Packaging

Funds managed by Apollo affiliates have entered into a definitive agreement to acquire a majority stake in Novolex from funds managed by Carlyle, with Carlyle retaining a minority interest. Novolex, a leading sustainable packaging manufacturer headquartered in Hartsville, South Carolina with more than 10,000 employees and 57 manufacturing facilities, will look to leverage Apollo's resources to expand customer relationships, sustainability initiatives and product innovation.

Novolex Acquires Vegware

August 9, 2021

Packaging

Novolex, a Hartsville, South Carolina-based packaging manufacturer, has acquired Vegware, an Edinburgh-headquartered provider of plant-based compostable foodservice packaging. The deal brings Vegware into Novolex’s Eco-Products portfolio to expand Novolex’s global compostable products footprint and broaden distribution in Europe and North America.

Novolex Acquires Flexo Converters USA, Inc.

July 1, 2021

Packaging

Novolex, a portfolio company of The Carlyle Group, has acquired Flexo Converters USA, Inc., a family-owned manufacturer of stock, custom and recycled paper bags and sacks headquartered in Meriden, Connecticut, with an additional plant in Monroe, Georgia. Flexo's products will be sold under the Novolex Duro Bag brand and the acquisition adds production capacity to support rising demand from foodservice and grocery customers; eligible full‑time Flexo employees will join Novolex.

Veritiv Acquires PAX Global

November 5, 2024

Packaging

Veritiv has acquired all assets of PAX Global, a US-based packaging solutions provider with approximately $45 million in annual revenue. The deal adds folding carton and film converting capabilities, enhances Veritiv's design and international sourcing, and brings PAX Global's customers in the personal care, food, and pharmaceutical sectors into Veritiv's network.

Suzano Acquires Two U.S. Industrial Facilities from Pactiv Evergreen

October 24, 2024

Manufacturing

Brazilian pulp and paper producer Suzano S.A. completed the acquisition of two U.S. industrial facilities — the Pine Bluff paper mill (Arkansas) and the Waynesville extrusion facility (North Carolina) — from Pactiv Evergreen Inc. for a combined transaction value of approximately US$110 million. The deal expands Suzano’s manufacturing footprint in the United States and secures additional production assets for its packaging and paper operations.

Novolex Acquires B&H Bag Company

December 15, 2020

Packaging

Novolex has acquired the business of B&H Bag Company and will integrate it into its Novolex Duro Bag operations to increase production capacity and strengthen customer service. B&H, a family-owned paper bag manufacturer with a plant in Brookshire (near Houston), Texas, supplies the foodservice and grocery markets; Novolex is PE-backed by The Carlyle Group.