M&A Deal Summary

Novolex Acquires Heritage Bag

On April 4, 2016, Novolex acquired packaging company Heritage Bag

Acquisition Highlights
  • This is Novolex’s 5th transaction in the Packaging sector.
  • This is Novolex’s 4th transaction in the United States.
  • This is Novolex’s 1st transaction in Texas.

M&A Deal Summary
Date 2016-04-04
Target Heritage Bag
Sector Packaging
Buyer(s) Novolex
Deal Type Add-on Acquisition

Target

Heritage Bag

Roanoke, Texas, United States
Heritage Bag Co. is a manufacturer of plastic can liners and other packaging products. Heritage Bag Co. was founded in 1973 and is based in Roanoke, 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 5 of 13
Sector (Packaging) 5 of 10
Type (Add-on Acquisition) 5 of 12
State (Texas) 1 of 2
Country (United States) 4 of 11
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Wisconsin Film & Bag

Shawano, Wisconsin, United States

Wisconsin Film and Bag produces custom polyethylene bags and film for the flexible packaging industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 Shields Bag & Printing

Yakima, Washington, United States

Shields Bag & Printing Co. is a manufacturer of custom engineered flexible packaging products. Shields Bag & Printing Co. was founded in 1935 and is based in Yakima, Washington.

Buy -
Mergr

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