M&A Deal Summary

Novolex Acquires Zenith Specialty Bag

On October 1, 2019, Novolex acquired packaging company Zenith Specialty Bag

Acquisition Highlights
  • This is Novolex’s 7th transaction in the Packaging sector.
  • This is Novolex’s 7th transaction in the United States.
  • This is Novolex’s 1st transaction in California.

M&A Deal Summary
Date 2019-10-01
Target Zenith Specialty Bag
Sector Packaging
Buyer(s) Novolex
Deal Type Add-on Acquisition

Target

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.

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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 8 of 13
Sector (Packaging) 7 of 10
Type (Add-on Acquisition) 7 of 12
State (California) 1 of 1
Country (United States) 7 of 11
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-04 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.

Buy -
FOLLOWING 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 -
Mergr

Product

Company

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