Missouri-based rigid packaging distributor Novvia Group — backed by private equity firm Kelso & Company — agreed to acquire Saxco International.
Terms of the transaction were not disclosed.
Fairfield, CA-based Saxco is a distributor of packaging solutions for the beverage and food industries. It offers a wide range of products, including glass, metal and plastic containers and closures, serving wineries, brewers, distillers and specialty food manufacturers across North America. With over one-million-square-feet of warehouse space in 20 fulfillment centers, Saxco provides customers access to more than 10,000 SKUs.
Novvia is a distributor of packaging solutions and services, serving both domestic and international customers across various industries. The company said that the acquisition marks its entry into the consumer product-focused rigid packaging market, complementing its existing product offerings.
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“We are thrilled to partner with the strong Saxco team and bring Novvia’s organizational resources and deep customer and supplier relationships to bear as we scale our consumer packaging offering,” Novvia Executive Chairman Ken Roessler said in a Jan. 9 news release. “We are eager to continue our ambitious growth strategy and build upon Novvia’s differentiated market position across a diverse range of end markets and product categories.”
The Saxco team will assume leadership over Novvia’s consumer production division.
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