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

Pactiv Evergreen

Acquisition in 2024
Pactiv Evergreen is a manufacturer and distributor of foodservice and food merchandising packaging and related products. It operates in two segments, Foodservice and Food and Beverage Merchandising, producing items such as food containers, drinkware, tableware, service ware, ready-to-eat containers, clear rigid-display containers, trays for meat and poultry, molded fiber egg cartons, printed cartons, spouts and filling machines, and other packaging solutions. The company serves food manufacturers, restaurants and institutions, with products reaching consumers across the United States and the rest of North America, billions of times weekly.

American Twisting

Acquisition in 2024
American Twisting Company is a manufacturer specializing in decorative craft materials. It produces a variety of products, including twisted metals, paper cords, and paper-covered wires, catering to both individual craft enthusiasts and businesses. The company's offerings range from twisted metallics to colored and iridescent options, allowing clients to create distinctive and decorative items.

OZZI

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

Vegware

Acquisition in 2021
Vegware Ltd specializes in developing, manufacturing, and distributing plant-based compostable foodservice packaging products. Its extensive range includes cutlery, tableware, cups, containers, bags, and custom-branded meal kits made from renewable or recycled materials like corn starch, cassava starch, natural fibers, and paper. The company also offers mixed waste collection services and operates online. Established in 2006, Vegware Ltd is headquartered in Edinburgh, UK with operational bases in Huntington Beach, Sydney, and Hong Kong.

Flexo Converters USA

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 Inc. is a prominent manufacturer and marketer of packaging products, specializing in upscale disposable solutions for the foodservice industry. Based in Covington, Kentucky, the company serves various sectors, including catering, bakery, deli, and chain restaurants. Its product offerings encompass disposable tableware, drinkware, cutlery, and transit trays, which are produced using advanced techniques such as injection molding and thermoforming. The Waddington Group also emphasizes environmentally friendly packaging solutions, catering to the needs of diverse markets, including food service, dairy, protein, and produce. Operating as a subsidiary of Novolex Holdings, Inc., the company consists of four divisions that collectively enhance its capacity to deliver innovative and sustainable packaging solutions globally.

Shields Bag And Printing

Acquisition in 2017
Shields Bag and Printing is a manufacturer and supplier of flexible packaging solutions, catering to a diverse customer base worldwide. The company specializes in producing security and heavy-duty bags, as well as various packaging solutions for food, industrial, and protective applications. Its product offerings include specialty items and stock products such as can liners, pallet covers, and printed ice bags. In addition to its packaging products, Shields provides lab and technical services, along with prepress and platemaking capabilities, ensuring a comprehensive approach to meet the needs of its clients in the commercial printing and packaging sectors.

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 Company

Acquisition in 2016
Founded in 1973, Heritage Bag Company is a leading manufacturer of plastic trash bags, can liners, and food bags for institutional and commercial customers. It serves various industries including healthcare, food service, hospitality, industrial, education, office buildings, building services, and transportation. The company operates six manufacturing sites across North America and employs nearly 800 people.

Wisconsin Film & Bag

Acquisition in 2015
Wisconsin Film & Bag, Inc. is a manufacturer based in Shawano, Wisconsin, specializing in mono-layer polyethylene bags and films. Established in 1972, the company produces a diverse range of products, including plain polyethylene films and bags for shrink bundling, large pallet covers, and VCI bags that protect against rust. Their offerings also include polyethylene sheets for dust protection, FDA-approved barrel liners for food products, anti-static bags, and custom-sized liners. Wisconsin Film & Bag is known for its high-performance film extrusion and in-line bag converting capabilities, allowing for the creation of specialty blends to meet specific application requirements. The company operates as a subsidiary of Hilex Poly Co. LLC.

Packaging Dynamics

Acquisition in 2014
Packaging Dynamics Corporation is a manufacturer of flexible packaging and specialty papers, operating through three main units: Thilmany Papers, BagcraftPapercon, and International Converter. Thilmany Papers produces a variety of specialty bleached and unbleached lightweight paper products, including sandwich wraps, box closure taping systems, and medical drapes, as well as pressure-sensitive release base papers for self-adhesive materials. BagcraftPapercon focuses on converting paper, film, and foil into specialty food packaging products such as bags, wraps, and pan liners. The International Converter unit specializes in adhesive and film extrusion laminations used in packaging applications. Packaging Dynamics' products serve diverse sectors, including food and non-food packaging, consumer goods, and medical applications. Founded in 1998 and headquartered in Chicago, Illinois, the company is committed to providing eco-friendly packaging solutions that address the increasing consumer demand for sustainable products.
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