Missouri-based inflexible packaging distributor Novvia Group — backed by personal fairness agency Kelso & Firm — agreed to accumulate Saxco Worldwide.
Phrases of the transaction weren’t disclosed.
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Fairfield, CA-based Saxco is a distributor of packaging options for the beverage and meals industries. It presents a variety of merchandise, together with glass, metallic and plastic containers and closures, serving wineries, brewers, distillers and specialty meals producers throughout North America. With over one-million-square-feet of warehouse house in 20 success facilities, Saxco gives prospects entry to greater than 10,000 SKUs.
Novvia is a distributor of packaging options and companies, serving each home and worldwide prospects throughout varied industries. The corporate mentioned that the acquisition marks its entry into the patron product-focused inflexible packaging market, complementing its present product choices.
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“We’re thrilled to associate with the robust Saxco workforce and convey Novvia’s organizational sources and deep buyer and provider relationships to bear as we scale our client packaging providing,” Novvia Government Chairman Ken Roessler mentioned in a Jan. 9 information launch. “We’re desirous to proceed our formidable progress technique and construct upon Novvia’s differentiated market place throughout a various vary of finish markets and product classes.”
The Saxco workforce will assume management over Novvia’s client manufacturing division.
