ST. LOUIS–(BUSINESS WIRE)–Global rigid packaging distributor Novvia Group (“Novvia”) has acquired the distribution assets of Aaron Packaging Inc. (“Aaron Packaging” or the “Company”), a Washington-based manufacturer and distributor of plastic and glass containers and closures. Financial terms of the private transaction were not disclosed. Novvia is backed by Kelso & Company (“Kelso”).
Founded in 1991 and headquartered in Sumner, WA, Aaron Packaging has been a long-standing supplier to Novvia subsidiary Rhino Container, which will now assume the company’s distribution assets. With deep customer relationships across both industrial and consumer end markets and a broad portfolio of packaging products, Aaron Packaging further enhances Novvia’s expanding presence in the Western U.S.
Jake Thulin, Co-Owner of Aaron Packaging, will continue to run the Company’s manufacturing business alongside Co-Owners Bryan and Steve Thulin. “We have valued our relationship with Novvia over the years and thought they were a natural home for our distribution business,” said Thulin.
The transaction strengthens Novvia’s presence in the Northwest U.S. market. “Since establishing a presence in Oregon and Washington through the carve out of JF Shelton’s packaging distribution business, we have been focused on growing our presence in the region by identifying complementary businesses with durable growth trajectories. Aaron Packaging fits well within this thesis,” said Ken Roessler, Executive Chairman of Novvia.
For more information about Aaron Packaging, please visit https://www.aaronpackaging.com/.
About Novvia Group
Novvia Group is a leader in high-quality packaging solutions and customized services with domestic and international customers across myriad of 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, JF Shelton, Rahway, Northern Container, Ocean State, JWJ Packaging, Liquid Bottles, Saxco, MegaChem, GHI, and Aaron Packaging, 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.
About Kelso
Kelso is one of the oldest and most established firms specializing in private equity investing. Since 1980, Kelso has invested over $20 billion of equity capital in over 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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