Novolex Holdings, LLC

Based in South Carolina, US, and founded in 2003, Novolex Holdings, LLC operates as a manufacturer of paper and plastic packaging products. Since its inception, the company has made several acquisitions, acquiring Packaging Dynamics Corporation in December 2014, Waddington North America, Inc. in July 2018, and Flexo Converters USA, Inc in July 2021, and Vegware in August 2021. In November 2012, Wind Point Partners acquired Novolex Holdings, LLC from TPG, and in December 2016, Carlyle Group acquired the firm for approximately USD 2.

5 billion. As of November 2021, the company is being led by Stanley Bikulege, as its Chairperson and CEO, and employs more than 10,000 employees, and operates 57 manufacturing facilities, and has offices in North America and Europe. Novolex Holdings, LLC manufactures paper and plastic packaging products ranging from shopping bags, bowls, food trays, utensils, handle bags, compostable can liners, grease-resistant clamshell containers, and wrappers, for the food, retail, health, and industrial sectors. The company's brand portfolio includes Hilex Poly®, Duro Bag®, Bagcraft® Packaging, De Luxe®Packaging, General Packaging® Products, International Converter®, Shields™, Heritage Bag®, Burrows Packaging™, Waddington North America™, Polar Pak™, Waddington Europe™, and Eco Products®.