NOVOLEX CLOSES DEAL FOR FLEXO CONVERTERS USA, INC.

Novolex has acquired the business of Flexo Converters USA, Inc. and certain of its affiliates. Flexo is a manufacturer of stock, custom, and recycled paper bags and sacks. A family-owned business, Flexo was founded in 1994. It is headquartered and has a manufacturing facility in Meriden, Connecticut, and an additional plant in Monroe, Georgia.

Flexo products will be sold under the Novolex Duro Bag brand. The addition of Flexo products to the Novolex portfolio will enable Duro to support customer demand through Flexo’s production capacity. Novolex has seen a significant increase in demand for paper bags and sacks as consumer purchasing patterns have shifted. 

Novolex is a portfolio company of The Carlyle Group, a leading global investment firm that acquired a majority of the company in December 2016. With more than 10,000 employee families, Novolex operates fifty-five manufacturing facilities in North America and Europe, including two world-class plastic film recycling centers.