Add-on Acquisition • Packaging

Novolex Acquires Duro Bag Manufacturing Co.

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

Acquisition Context

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

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M&A Deal Summary
Date	July 8, 2014
Target	Duro Bag Manufacturing Co.
Sector	Packaging
Buyer(s)	Novolex
Deal Type	Add-on Acquisition
Advisor(s)	The Peakstone Group (Financial)

Target Company

Duro Bag Manufacturing Co.

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.

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Buyer Overview 1

Buyer

Novolex

Charlotte, North 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 Charlotte, North Carolina.

Deal Context for Buyer	#
Overall	2 of 13
Sector: Packaging	2 of 10
Type: Add-on Acquisition	1 of 11
State: Kentucky	1 of 2
Country: United States	2 of 12
Year: 2014	1 of 2

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2013-04-02	Clondalkin - North American Flexible Packaging Businesses Old Saybrook, Connecticut, United States Clondalkin's North American Flexible Packaging Businesses specialize in blown film extrusion, conversion and printing of both mono and multilayer packaging solutions throughout its seven production facilities in North America.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2013-04-02

Clondalkin - North American Flexible Packaging Businesses

Old Saybrook, Connecticut, United States

Clondalkin's North American Flexible Packaging Businesses specialize in blown film extrusion, conversion and printing of both mono and multilayer packaging solutions throughout its seven production facilities in 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	-

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

Explore Related M&A Activity

Packaging M&A - Add-on Acquisition M&A Deals - Kentucky M&A - United States M&A - 2014 M&A