US-based private equity company New Water Capital, through its affiliate, has completed the acquisition of two packaging providers, Norwood Paper and BulkSak International.
The companies have not disclosed the financial terms and other details of these transactions.
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Both acquired packaging companies have now become a part of New Water’s wider transportation packaging solutions platform.
The transactions mark the third and fourth add-on acquisitions completed by New Capital for its transportation packaging solutions platform.
These have further positioned New Water as one of North America’s largest providers of flexible intermediate bulk containers (FIBCs) and related packaging solutions.
Prior to Norwood and BulkSak, New Water also acquired Bulk Lift in November last year. This was followed by the acquisition of Bagwell Supply, a Canadian company that offers FIBCs, small industrial bags, and complementary packaging solutions.
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By GlobalDataBagwell Supply operates two facilities in Canada, one in Richmond, British Columbia, and one in Mississauga, Ontario.
New Water principal Matt Carlos said regarding these deals: “The additions of Norwood’s complementary products and BulkSak’s long-standing reputation as a premier provider of transportation packaging solutions makes the collective platform an even more valued partner to our customer base.
“These businesses, along with BulkLift and Bagwell, will be able to streamline procurement for our customers, while also improving quality, service, and product expertise.
“Both Norwood and BulkSak are exceptional brands operating for decades and have rightly earned their reputation as industry leaders.”
Headquartered in Chicago, Illinois, Norwood manufactures skid sheets, non-box related branded liners and other flat sheets to address the packaging requirements of various manufacturing industries and small businesses.
US-based BulkSak specialises in the production and distribution of different packaging products such as FIBCs, liners, reusable plastic transportation pallets, dunnage bags, and other polypropylene-based products.
