M&A Deal Summary

Novolex Acquires The Waddington Group

On May 4, 2018, Novolex acquired consumer products company The Waddington Group from Jarden

Acquisition Highlights
  • This is Novolex’s 1st transaction in the Consumer Products sector.
  • This is Novolex’s 6th transaction in the United States.
  • This is Novolex’s 2nd transaction in Kentucky.

M&A Deal Summary
Date 2018-05-04
Target The Waddington Group
Sector Consumer Products
Buyer(s) Novolex
Sellers(s) Jarden
Deal Type Divestiture

Target

The Waddington Group

Covington, Kentucky, United States
The Waddington Group is a manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets. Headquartered in Covington, KY, the company operates seventeen manufacturing facilities across the U.S., Canada, the United Kingdom and Ireland.

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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 7 of 12
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Kentucky) 2 of 2
Country (United States) 6 of 10
Year (2018) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Zenith Specialty Bag

City of Industry, California, United States

Zenith Specialty Bag Co. Inc. provider of specialty paper food packaging products. Zenith products serve customers in multiple markets, including coffee and window bag, plastic bags, fast food and sandwich bags, bakery counter products, sheets, tissues, wraps, deli bags, concession products, and sanitary products. Zenith's headquarters and state-of-the-art manufacturing plant is located in the City of Industry, Calif.

Buy -

Seller(S) 1

SELLER

Jarden

Boca Raton, Florida, United States
Category Company
Founded 1991
Sector Consumer Products
Employees33,000
Revenue 8.6B USD (2015)
DESCRIPTION
Jarden's corporate headquarters in Boca Raton, Florida.
Jarden's corporate headquarters in Boca Raton, Florida.

Jarden Corp. is a provider of a diverse range of consumer products with a portfolio of over 120 trusted, quality brands sold globally.

DEAL STATS #
Overall 1 of 3
Sector (Consumer Products) 1 of 3
Type (Divestiture) 1 of 3
State (Kentucky) 1 of 1
Country (United States) 1 of 3
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 Visant

Armonk, New York, United States

Visant Corporation is a provider of marketing and publishing services in the school affinity products, sampling, packaging, direct marketing and educational and trade publishing segments.

Buy $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-07 Pure Fishing

Columbia, South Carolina, United States

Pure Fishing is a manufacturer and marketer of fishing tackle and accessories that sells products in 18 countries under the Berkley, Trilene, Abu Garcia, Mitchell, Fenwick, Spider, Johnson and Red Wolf brands. Pure Fishing, Inc. was founded in 1937 and is based in Columbia, South Carolina.

Sell -
Mergr

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