Novvia Group Acquires Northern Container
Global rigid container and life sciences packaging distributor, Novvia Group ("Novvia"), has acquired Northern Container ("Northern"), an Illinois-based distributor of rigid packaging products serving a range of end markets. Financial terms of the private transaction were not disclosed. Novvia is backed by Kelso & Company ("Kelso").
For over 45 years, Northern has been a value-additive stocking supplier of rigid packaging products to the Midwest. Northern operates out of a 35,000 square foot facility located in Alsip, IL and provides next-day delivery services to its long-tenured customer base. Northern offers customers operating in various industries a breadth of rigid packaging products, including steel and plastic pails, paint cans, plastic bottles and jars, and other rigid packaging products.
The acquisition further strengthens Novvia's presence in the Midwest territory, which includes C.L. Smith and Fox Valley, Novvia's St. Louis, MO and Crystal Lake, IL rigid packaging subsidiaries. "We are looking forward to the continued success and expansion of our Midwest footprint and are excited to welcome Northern to the Novvia family," said Novvia Executive Chairman Ken Roessler. "With the addition of Northern, we have augmented our breadth of capabilities and strengthened our leading customer value proposition," added Roessler.
For more information about Northern, please visit www.northern-container.com
About Novvia Group
Novvia Group is a leader in high-quality packaging solutions and customized services with domestic and international customers across myriad industries. Through its family of dynamic companies, comprised of Inmark, C.L. Smith, Silver Spur, Container Supply, Fox Valley, Rhino, Novvia Canada, Southern Container, Duval Container, Rios, Auberst, Innovative Container, Rahway and Northern, Novvia has set a new industry standard as a national stocking distributor with a comprehensive suite of containers and supplies, trusted local relationships and 40+ years of best-in-class customer service. For more information, please visit www.novviagroup.com.
Kelso is one of the oldest and most established firms specializing in private equity investing. Since 1980, Kelso has invested approximately $19 billion of equity capital in 140 transactions. Kelso was founded by the inventor of the Employee Stock Ownership Plan (ESOP) and, as a result, the principles of partnership and alignment of interest serve as the foundation of the firm's investment philosophy. Kelso benefits from a successful investment track record, deep sector expertise, a long-tenured and stable investing team, and a reputation as a preferred partner to management teams and corporate partners. Kelso has significant experience investing in and supporting high-growth distribution and packaging platforms. The firm is based in New York, NY. For more information, please visit www.kelso.com.
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