Tracked deals
5
5 tracked deals across 2020-2025.
Operating Company
Manufacturing
Novolex
Charlotte, North Carolina, United States
Leading manufacturer of food, beverage, and specialty packaging. Supports industries including foodservice, restaurant delivery and carryout, food processing, grocery and retail, and industrial sectors. Manufacturing network spans North America and Europe, including plastic film recycling centers.
- Focus Areas
- Foodservice packaging, Paper bags, sacks and handles, Plastic food packaging / film
- Website
- novolex.com
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Addon
3 addon · 2 buyout
Novolex Acquisition Volume by Year
Last 4 years
Supporting Data
Recent Transactions
-
April 1, 2025
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.
-
September 4, 2024
- Buyer
- Novolex
- Target
- American Twisting
- Seller
- Tom Phelps (co-owner of American Twisting)
- Industry
- Manufacturing
- Location
- Michigan, United States
- Type
- Addon
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.
-
August 9, 2021
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.
-
July 1, 2021
- Buyer
- Novolex
- Target
- Flexo Converters USA, Inc.
- Industry
- Packaging
- Location
- Connecticut, United States
- Type
- Addon
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.
-
December 15, 2020
- Buyer
- Novolex
- Target
- B&H Bag Company
- Seller
- Robson family
- Industry
- Packaging
- Location
- Texas, United States
- Type
- Addon
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.
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