US-based packaging supplier Novvia Group (Novvia) has acquired rigid packaging distributor Rhino Container (Rhino) for an undisclosed sum.
Based in Chino, California, Rhino supplies cans, pails, drums, bottles, jars and other rigid packaging products for a wide range of end markets.
The company operates around 280,000ft² of warehouse space across California and claims to be one of the leading suppliers across the US’ West Coast region.
Under the terms of the deal, Rhino’s existing management team will continue to lead the business.
Rhino owner Guy Nygren said: “Rhino has established itself as the preeminent West Coast distributor of rigid packaging products by providing high-quality service and earning the trust of our partners.
“We are excited to join Novvia, who shares in these values and with whom we will work to deliver and expand upon this customer-centric philosophy as we embark on our next phase of growth.”
Novvia executive chairman Ken Roessler said: “The acquisition of Rhino is the next important step in Novvia’s mission to create the only national platform for rigid industrial packaging distribution.
“We are grateful that Guy and his team have put their trust in us, and we look forward to working closely with them to expand further in the West Coast region.”
Novvia delivers packaging solutions and customised services to domestic and international customers across several industries. The company is backed by private equity firm Kelso.
In November last year, Novvia subsidiary Inmark purchased a majority stake in the Shanghai operations of Acepac International, a supplier of packing materials and e-commerce packaging.
The acquisition is intended to support Acepac’s Life Sciences division.
It came after funds associated with Kelso acquired a majority interest in Inmark in December 2020.