M&A Deal Summary

Novolex Acquires B&H Bag

On December 15, 2020, Novolex acquired packaging company B&H Bag

Acquisition Highlights
  • This is Novolex’s 8th transaction in the Packaging sector.
  • This is Novolex’s 8th transaction in the United States.
  • This is Novolex’s 2nd transaction in Texas.

M&A Deal Summary

Date 2020-12-15
Target B&H Bag
Sector Packaging
Buyer(s) Novolex
Deal Type Add-on Acquisition

Target

B&H Bag

Brookshire, Texas, United States
B&H Bag Co. is a manufacturer of paper bags and other products. B&H Bag was founded in 1975 and is based in Brookshire, Texas.

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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 9 of 13
Sector (Packaging) 8 of 10
Type (Add-on Acquisition) 8 of 12
State (Texas) 2 of 2
Country (United States) 8 of 11
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Zenith Specialty Bag

City of Industry, California, United States

Zenith Specialty Bag Co. Inc. provider of specialty paper food packaging products. Zenith products serve customers in multiple markets, including coffee and window bag, plastic bags, fast food and sandwich bags, bakery counter products, sheets, tissues, wraps, deli bags, concession products, and sanitary products. Zenith's headquarters and state-of-the-art manufacturing plant is located in the City of Industry, Calif.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Flexo

Meriden, Connecticut, United States

Flexo is a manufacturer of stock, custom, and recycled paper bags and sacks. Flexo has a manufacturing facility in Meriden, Conn., and an additional plant in Monroe, Ga. Flexo was founded in 1994 and is based in Meriden, Connecticut.

Buy -