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M&A Deal Summary

Novolex Acquires Flexo

On May 17, 2021, Novolex acquired forest products company Flexo

Acquisition Highlights
  • This is Novolex’s 1st transaction in the Forest Products sector.
  • This is Novolex’s 10th transaction in the United States.
  • This is Novolex’s 2nd transaction in Connecticut.

M&A Deal Summary
Date 2021-05-17
Target Flexo
Sector Forest Products
Buyer(s) Novolex
Deal Type Add-on Acquisition

Target

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.

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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 10 of 13
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 8 of 11
State (Connecticut) 2 of 2
Country (United States) 10 of 12
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 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.

Buy -
FOLLOWING 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 -
Mergr

Product

Company

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