US-based packaging company Novvia Group has acquired the packaging distribution division of JF Shelton, a material supplier based in Washington.
Novvia acquired the JF Shelton Packaging Distribution division from Ravago Group for an undisclosed sum.
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The division specialises in distributing plastic bottles and closures, fibre and plastic drums and accessories, intermediate bulk containers (IBCs) and other rigid packaging products.
The company operates facilities in Kent, Washington, and Portland, Oregon. It has supplied rigid packaging products to the US’ West Coast region for more than 35 years.
The deal is intended to strengthen Novvia’s footprint in the West Coast.
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JF Shelton Packaging Distribution will be merged with Rhino Container, Novvia’s based rigid packaging subsidiary, which Novvia acquired in January last year.
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By GlobalDataNovvia executive chairman Ken Roessler said: “The acquisition of JF Shelton Packaging Distribution adds to our already strong West Coast portfolio.
“We are pleased to have partnered with Ravago Group to complete this complex carve-out transaction.”
The acquisition is part of Novvia’s efforts to strengthen its portfolio.
Last month, the company acquired the New Jersey-based Rahway Steel Drum Company, which supplies drums, pails, IBCs and other rigid packaging solutions.
It also bought two Californian packaging companies, Innovative Container and Rios Containers, over the previous two months.
In November 2021, Novvia’s subsidiary Inmark purchased a majority stake in the Shanghai operations of Acepac International, a company that provides packing materials and e-commerce packaging.
The acquisition was intended to support Acepac’s Life Sciences division.
Other companies owned by Novvia include Inmark, CL Smith, Silver Spur, Container Supply, Fox Valley, Rhino, Novvia Canada, Southern Container, Duval Container and Auberst.
Novvia is backed by Kelso & Company, a private investment firm based in New York.
Kelso has invested around $19bn of equity capital in 139 transactions since being founded in 1980.
