Add-on Acquisition • Packaging

Novolex Acquires Heritage Bag Co.

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

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

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M&A Deal Summary

Date April 4, 2016
Target Heritage Bag Co.
Sector Packaging
Buyer(s) Novolex
Deal Type Add-on Acquisition

Target Company

Heritage Bag Co.

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 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 5 of 13
Sector: Packaging 5 of 10
Type: Add-on Acquisition 4 of 11
State: Texas 1 of 2
Country: United States 5 of 12
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 Co.

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 -