Novolex Agrees to Acquire Flexo Converters USA, Inc.
Novolex®, an industry leader in packaging choice, innovation and sustainability, announced it has entered into a definitive agreement to acquire the business of Flexo Converters USA, Inc. and certain of its affiliates. The transaction is expected to close within the next 60 days. Flexo is a manufacturer of stock, custom and recycled paper bags and sacks. It is headquartered and has a manufacturing facility in Meriden, Conn. and an additional plant in Monroe, Ga. Flexo’s eligible full-time employees are expected to join Novolex. 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 as consumer purchasing patterns have shifted.