Novolex Buys Wisconsin Film & Bag
With the addition of WF&B, Novolex is now a $2 billion revenue company with over 5,200 employees and 37 manufacturing locations in North America, including two recycling facilities.
Novolex, Hartsville, SC, has acquired Wisconsin Film & Bag (WF&B), a manufacturer of custom polyethylene bags and films as well as a provider in sustainable and recycled materials based in Shawano, Wisc. The company operates a converting plant and a plastics recycling plant near Shawano and has approximately 175 employees.
“We are excited about the addition of Wisconsin Film & Bag to the Novolex family,” Stan Bikulege, chairman and CEO of Novolex stated in a news release. “This is important to us because it will further enhance our high quality packaging choices for customers while advancing our position as the industry leader in sustainability. It’s a great fit for Novolex and we will look forward to integrating the Shawano Team with our successful Novolex custom film & bag brand. Our focus is to continue to invest in our business and supply our customers with world class paper and plastic packaging products.”
“We’re very excited to welcome Wisconsin Film & Bag into the Novolex Family and commend Jim Feeney, CEO of WF&B, and the entire organization on the track record of quality and success, which we plan to build upon,” said Alex Washington, a managing director at Wind Point.
WF&B is Novolex’s fourth acquisition since Wind Point Partners acquired Novolex (formerly Hilex Poly) in 2012, in partnership with chairman and CEO Stan Bikulege.
Previous Novolex acquisitions include Packaging Dynamics, Duro Bag and a portion of Clondalkin Group’s North American Flexible Packaging Division. With the addition of WF&B, Novolex is now a $2.0 billion revenue company with over 5,200 employees and 37 manufacturing locations in North America, including two recycling facilities.
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