M&A Deal Summary

Novolex Acquires American Twisting

On September 4, 2024, Novolex acquired packaging company American Twisting

Acquisition Highlights
  • This is Novolex’s 11th transaction in the Packaging sector.
  • This is Novolex’s 11th transaction in the United States.
  • This is Novolex’s 1st transaction in Michigan.

M&A Deal Summary
Date 2024-09-04
Target American Twisting
Sector Packaging
Buyer(s) Novolex
Deal Type Add-on Acquisition

Target

American Twisting

South Haven, Michigan, United States
American Twisting is a company specializing in the manufacturing and distribution of twisted yarns and fibers. American Twisting provides products for various industries, including textiles, automotive, and industrial applications. American Twisting offerings include custom twisting solutions and specialty yarns. American Twisting is based in South Haven, Michigan.

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Buyer(S) 1

Buyer

Novolex

Hartsville, South Carolina, United States
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 13 of 14
Sector (Packaging) 11 of 11
Type (Add-on Acquisition) 10 of 11
State (Michigan) 1 of 1
Country (United States) 11 of 12
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-09 Vegware

Edinburgh, United Kingdom

Vegware is an international provider of compostable foodservice packaging operations in the U.K., EU, and the United States. The company's products are made with renewable, plant-based materials designed to be commercially composted with food waste. Vegware was formed in 2006 and is based in Edinburgh, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-09 Pactiv Evergreen

Lake Forest, Illinois, United States

Pactiv Evergreen manufactures and distributes food service, food merchandising products, and fresh beverage cartons in North America. The company produces a broad range of on-trend and feature-rich products that protect packages, and display food and beverages for today’s consumers, who want to eat or drink fresh, prepared, or ready-to-eat food and drinks conveniently and confidently. Pactiv's 13,000 products range from food containers, plates and bowls, hot and cold cups, lids, wraps, and cutlery to meat and poultry trays, egg cartons, and reclosable beverage cartons. It supplies products to a broad and diversified mix of companies, including full and quick-service restaurants, food service distributors, supermarkets, retailers, food and beverage producers, food packers, and processors. Pactiv Evergreen was formed in 1880 and is based in Lake Forest, Illinois.

Buy $6.7B
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