Novolex Acquires B&H Bag Company

Novolex Completes Combination with Pactiv Evergreen to Create Food & Specialty Packaging Leader

April 1, 2025

Packaging

Novolex completed its combination with Pactiv Evergreen, creating a leading manufacturer in food, beverage and specialty packaging. The deal was valued at approximately $6.7 billion (including Pactiv Evergreen net debt), with Pactiv Evergreen shareholders receiving $18.00 per share in cash and Pactiv Evergreen delisted from Nasdaq.

Novolex Acquires American Twisting

September 4, 2024

Manufacturing

Novolex has acquired the assets of American Twisting, a family-owned manufacturer of twisted-paper handles based in South Haven, Michigan. The acquisition—integrated into Novolex's Duro Bag operations—will secure dedicated supplies of twisted handles and bring eligible full-time American Twisting employees into Novolex; terms were not disclosed.

Vaco Acquires BVOH

October 19, 2022

Staffing & HR

Vaco, a global talent solutions firm headquartered in Nashville, has acquired BVOH, a boutique San Francisco and Austin-based executive search and consulting firm specializing in finance and accounting placements. The deal brings BVOH’s ~35 employees and leadership team into Vaco’s platform to expand its presence in the Bay Area and establish a footprint in Austin while strengthening Vaco’s accounting and finance recruitment capabilities.

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.