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  6. Novolex Acquires Duro Bag Manufacturing Co.

M&A Deal Summary

Novolex Acquires Duro Bag Manufacturing Co.

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

Acquisition Highlights
  • 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.

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

Target

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(S) 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 STATS #
Overall 2 of 13
Sector: Packaging M&A 2 of 10
Type: Add-on Acquisition M&A Deals 1 of 11
State: Kentucky M&A 1 of 2
Country: United States M&A 2 of 12
Year: 2014 M&A 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 -
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 -
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