the
Capitalor
Private Equity
Venture Capital
Mergers and Acquisitions
Investment Trends
Strategic Insights
Kelso-backed Novvia to acquire packaging firm Saxco
Novvia is a global rigid packaging distributor.
9 January 2025
|
Aayush Sood
Saxco was founded in 1936
Based in New York, Kelso targets distribution and packaging platforms
Since 1980, Kelso has invested approximately $20 billion of equity capital in over 140 transactions
Novvia, which is backed by Kelso & Company, has agreed to acquire Saxco, a Fairfield, California-based provider of rigid packaging solutions to the beverage and food industries. The seller was Atlas Holdings. No financial terms were disclosed.
Novvia is a global rigid packaging distributor.
Founded in 1936, Saxco serves a customer base of more than 5,000 wineries, brewers, distillers, and specialty food and beverage manufacturers across North America.
Apply to Xartup Fellowship Program
Get ₹1.5 Crore Technical Funding
“The acquisition of Saxco is an important milestone in Novvia’s history. 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,” said Ken Roessler, executive chairman of Novvia in a statement.
Based in New York, Kelso targets distribution and packaging platforms. Since 1980, Kelso has invested approximately $20 billion of equity capital in over 140 transactions.
Startup news delivered to your mail
Recommended for you
Constellation to acquire ECP-backed energy producer Calpine for $26.6bn
New Mountain Capital to acquire healthcare tech firm Machinify
Palm Beach Capital invests in architecture firm MBI Companies