Apollo Funds to Acquire Majority Stake in Novolex
February 14, 2022
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.
- Buyers
- Apollo (funds managed by Apollo affiliates)
- Targets
- Novolex Holdings LLC
- Sellers
- Funds managed by Carlyle (The Carlyle Group)
- Industry
- Packaging
- Location
- South Carolina, United States
- Transaction Type
- Buyout
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