M&A Deal Summary

Novolex Acquires Duro Bag Manufacturing

On July 8, 2014, Novolex acquired packaging company Duro Bag Manufacturing

Acquisition Highlights
  • This is Novolex’s 2nd transaction in the Packaging sector.
  • This is Novolex’s 1st transaction in the United States.
  • This is Novolex’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2014-07-08
Target Duro Bag Manufacturing
Sector Packaging
Buyer(s) Novolex
Deal Type Add-on Acquisition
Advisor(s) The Peakstone Group (Financial)

Target

Duro Bag Manufacturing

Florence, Kentucky, United States
website
Duro Bag Manufacturing Company, based in Florence, KY, is a leading manufacturer and marketer of paper bags for foodservice, grocery, wholesale-distribution and other markets. Duro produces grocery bags, handle bags, compostable paper lawn and leaf bags, and various specialty bags, including lunch bags, pharmacy bags, Freshness Paper™ bread bags, and food service bags, as well as a broad range of premium paper shopping bags for luxury retailers in North America.

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Buyer(S) 1

Buyer

Novolex

Hartsville, South Carolina, United States

website

Category Company
Founded 2003
Sector Packaging
DESCRIPTION

Novolex is a manufacturer of paper and plastic flexible packaging products. Novolex serves customers across foodservice, grocery, retail, and industrial end markets with a diverse product portfolio including retail and specialty bags, food packaging products, and a broad range of specialty films and laminated products. Novolex was founded in 2003 and is headquartered in Hartsville, South Carolina.

DEAL STATS #
Overall 2 of 11
Sector (Packaging) 2 of 9
Type (Add-on Acquisition) 2 of 10
State (Kentucky) 1 of 2
Country (United States) 1 of 9
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-02 Clondalkin Group Holdings BV

Amsterdam, Netherlands

Clondalkin Group is an international producer of high value added packaging products and services, with over 35 production locations in eight countries throughout Europe and North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-10 Packaging Dynamics

Chicago, Illinois, United States

Packaging Dynamics Corporation produces coated paper packaging and other products.

Buy -
Mergr

Product

Company

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