Novolex Holdings

Novolex Holdings is a leading manufacturer of paper and plastic packaging products in North America, catering to a diverse range of sectors including retail, grocery, food service, hospitality, and industrial markets. Headquartered in Hartsville, South Carolina, the company supports sustainability through its offerings of renewable, recyclable, and bio-based packaging solutions. Its product portfolio includes compostable can liners, grease-resistant clamshell containers, shopping bags, and food trays, among others. With approximately 7,300 employees and 46 manufacturing facilities across the United States, Canada, Mexico, and the Netherlands, Novolex is committed to delivering innovative packaging solutions while prioritizing environmental responsibility. The company operates several well-known brands, including Hilex Poly, Duro Bag, and Bagcraft, which contribute to its strong presence in the packaging industry.

Paul Frantz

President, Food and Delivery

Ted Jackson

President

11 past transactions

American Twisting Company

Acquisition in 2024
.American Twisting Company is a manufacturer of decorative crafts, twisted metals, paper cords, wire, and cables.

OZZI

Corporate Round in 2024
OZZI is changing the world from disposable to reusable, one meal at a time.

Vegware

Acquisition in 2021
Vegware is a manufacturer specializing in plant-based compostable foodservice packaging. The company develops and distributes environmentally friendly catering disposables made from renewable, lower carbon, and recycled materials. Its award-winning products are designed to be commercially compostable with food waste, where accepted, offering a practical solution for single-use food-contaminated disposables. By providing these sustainable options, Vegware enables foodservice operators to meet their sustainability goals while maintaining high quality and performance in their packaging.

Flexo Converters USA, Inc.

Acquisition in 2021
Flexo Converters USA, Inc., founded in 1994, is a manufacturer and distributor of retail paper shopping bags, operating from a 185,000 square foot facility in Meriden, Connecticut. The company specializes in producing high-quality paper products, including a wide range of customizable bags tailored to the needs of restaurants and food-service distributors. Flexo Converters USA, Inc. focuses on sustainability, ensuring that its packaging solutions meet client requirements without harming the environment. The company's offerings include both custom and stock paper bags in various sizes and colors, positioning it as an industry leader in the paper bag market.

The Waddington Group

Acquisition in 2018
The Waddington Group is a major global, food packaging manufacturer, food service solutions provider, and marketing company with four divisions.

Shields Bag And Printing

Acquisition in 2017
Shields manufactures and sells flexible packaging solutions for customers worldwide. The company offers security and heavy duty bags; food, industrial, shrink, and protective packaging solutions; and specialty products, and other stock items ranging from can liners and pallet covers to stock printed ice bags. It also offers lab and technical, and prepress and platemaking services.

Burrows Paper Corporation

Acquisition in 2016
Burrows Paper Corp. operates four paper mills and six packaging converting facilities domestically and abroad. Burrows maintains the highest standards and holds certifications from ISO 9001, HACCP, Forest Stewardship Council, Sustainable Forest Initiative and Programme for the Endorsement of Forest Certification. Burrows incorporates nearly 100 years of papermaking experience into its food packaging line of products and is one of only a few companies capable of producing light weight printable tissue paper. Burrows offers machine glaze and machine finish paper grades for a variety of uses from medical and food packaging to innovative industrial applications.

Heritage Bag

Acquisition in 2016
Heritage Bag Company is a second generation, privately owned business that was founded in 1973 as a manufacturer of plastic trash bags, can liners and food bags sold to institutional and commercial customers. Today, it’s one of the leading institutional can liner producers in North America, has nearly 800 employees and operates six world-class manufacturing sites, with strong, long term relations with its distribution partners. Heritage’s products serve the health care, food service and hospitality, industrial, education, office building, building services and transportation markets.

Wisconsin Film & Bag

Acquisition in 2015
Wisconsin Film & Bag, Inc. is a manufacturer of mono-layer polyethylene bags and films, providing a diverse range of products tailored for various applications. Founded in 1972 and based in Shawano, Wisconsin, the company specializes in items such as plain polyethylene films and bags for shrink bundling, large pallet covers, VCI bags for rust protection, and FDA-compliant liners for food products. Their offerings also include anti-static bags, layflat tubing, bakery bags, and custom-sized polyethylene liners. Wisconsin Film & Bag employs advanced film extrusion and in-line bag converting technologies to create specialty blends that meet specific performance requirements. The company operates as a subsidiary of Hilex Poly Co. LLC.

Packaging Dynamics

Acquisition in 2014
Packaging Dynamics Corporation manufactures flexible packaging and specialty papers. The company operates in three units: Thilmany Papers, BagcraftPapercon, and International Converter. The Thilmany Papers unit offers specialty bleached and unbleached lightweight paper products, such as sandwich wraps, box closure taping systems, insulation backing, microwave popcorn bags, confectionary cups, and medical drapes and steel interleavers. It also provides pressure sensitive release base papers to provide backing for self-adhesive materials, including business/consumer labels, airline baggage tags, food and consumer ID labels, industrial tapes and sealants, feminine hygiene, medical products, and laser and inkjet applications. This unit has paper mills in De Pere and Kaukuana, Wisconsin. It also produces paper machines for other manufacturers in Jay, Maine. The BagcraftPapercon unit converts paper, film, and foil into various specialty food packaging products, including specialty bags, sheets, wraps, interfolded tissues, and pan liners, as well as butcher, freezer, and locker paper products. It has facilities in Illinois, Iowa, Kansas, Georgia, and California. The International Converter unit produces adhesive and film extrusion laminations, such as base stock materials that are used in the production of labels, bags, pouches, composite cans, lidding, and blister packaging. It also produces facing materials that are used by the building materials companies in producing insulation products in North America and Europe. This unit has facilities in Ohio, Mississippi, and Wisconsin. Packaging Dynamics Corporation's products are used in food and non-food packaging, consumer, medical, foodservice distribution, supermarket, bakery, restaurant, packer processor, retail, and industrial packaging applications. The company was founded in 1998 and is headquartered in Chicago, Illinois. As of June 9, 2006, Packaging Dynamics Corporation operates as a subsidiary of Thilmany, LLC.
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