food packaging

Novolex has agreed to acquire Packaging Dynamics, in a move to offer a wide range of paper and plastic flexible packaging products for various industries.

A definitive merger agreement to this effect was signed between both companies.

Owned by funds managed by Kohlberg & Company, Packaging Dynamics manufactures flexible, paper-based food packaging products, including specialty bags, specialty sheets and wraps, interfolded tissue, pan liners and freezer/butcher paper products, as well as specialty laminated foil products.

Packaging Dynamics’ operating business units are BagcraftPapercon, De Luxe, International Converter, General Packaging Products and Pac Paper.

The $1.9bn combined company will operate under the Novolex name and will have 35 manufacturing locations in North America and a plastic recycling facility. It will employ more than 5,100 employees.

This is the third acquisition by Novolex, which earlier acquired portions of the North American Flexible Packaging division of Amsterdam-based Clondalkin Group in 2013 and Duro Bag Manufacturing Company.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
"Novolex was acquired by Wind Point Partners in 2012."

Packaging Dynamics CEO Roger Prevot said: "This combination of truly complementary businesses under the Novolex banner creates exciting new opportunities to continue building a world-class organisation with industry-leading brands and significant growth potential."

Novolex was acquired by Wind Point Partners in 2012.

Wind Point managing director Alex Washington said: "Our investment thesis was to build upon the strong operational platform of Hilex Poly and through acquisitions and organic growth to create a broader, more diversified flexible packaging leader.

"The addition of Packaging Dynamics is an ideal next step in that transformation."

Image: Packaging Dynamics manufactures flexible, paper-based food packaging products. Photo: courtesy of Mister GC /