Novolex Acquires Vegware

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.

Novolex Acquires Pactiv Evergreen Inc.

April 1, 2025

Packaging

Novolex has completed its combination with Pactiv Evergreen Inc. in a transaction valued at approximately $6.7 billion (including net debt), with Pactiv Evergreen shareholders receiving $18.00 per share and Pactiv Evergreen delisted from Nasdaq. The combined company will operate under the Novolex name, expanding manufacturing footprint, product breadth and R&D capabilities across food, beverage and specialty packaging markets.

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.

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 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.

Avery Dennison Acquires Vestcom

July 28, 2021

Packaging

Avery Dennison has agreed to acquire Vestcom, a privately held provider of shelf-edge pricing and branded labeling solutions, for $1.45 billion in cash. The purchase expands Avery Dennison's labeling and retail solutions capabilities and is expected to close in Q3 2021, subject to customary approvals.