M&A Deal Summary

Novolex Acquires Packaging Dynamics

On November 10, 2014, Novolex acquired packaging company Packaging Dynamics from Kohlberg & Company

Acquisition Highlights
  • This is Novolex’s 3rd transaction in the Packaging sector.
  • This is Novolex’s 2nd transaction in the United States.
  • This is Novolex’s 1st transaction in Illinois.

M&A Deal Summary

Date 2014-11-10
Target Packaging Dynamics
Sector Packaging
Buyer(s) Novolex
Sellers(s) Kohlberg & Company
Deal Type Add-on Acquisition
Advisor(s) Harris Williams & Co. (Financial)
Ropes & Gray (Legal)

Target

Packaging Dynamics

Chicago, Illinois, United States
website
Packaging Dynamics Corporation produces coated paper packaging and other products.

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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 3 of 11
Sector (Packaging) 3 of 9
Type (Add-on Acquisition) 3 of 10
State (Illinois) 1 of 1
Country (United States) 2 of 9
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-08 Duro Bag Manufacturing

Florence, Kentucky, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Wisconsin Film & Bag

Shawano, Wisconsin, United States

Wisconsin Film and Bag produces custom polyethylene bags and film for the flexible packaging industry.

Buy -

Seller(S) 1

SELLER

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.


DEAL STATS #
Overall 27 of 47
Sector (Packaging) 1 of 2
Type (Add-on Acquisition) 12 of 18
State (Illinois) 1 of 2
Country (United States) 26 of 46
Year (2014) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-04 PPC Industries

Pleasant Prairie, Wisconsin, United States

PPC Industries, Inc. is an extruder and converter of plastic films, bags, and tubing. The Company's products benefit customers in the food, medical, and industrial markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 AM Conservation Group

Charleston, South Carolina, United States

AM Conservation Group, Inc. is a provider of products and services to utilities and municipalities. The company was formed on principles of customer service and energy conservation. AM Conservation Group was formed in 1989 and is based in Charleston, South Carolina.

Buy -