Novolex has completed its combination with Pactiv Evergreen Inc., creating a leader in food, beverage and specialty packaging products. The transaction is valued at approximately $6.7 billion, inclusive of Pactiv Evergreen's net debt as of September 30, 2024.
Headquartered in Charlotte, North Carolina, the combined company will continue to operate under the Novolex name as one of the largest food packaging leaders with a broad manufacturing and distribution footprint across the U.S., Canada, Mexico, and Europe. The combination delivers greater choice to customers with more than 250 brands and 39,000 combined SKUs with one of the most diverse substrate sets in the packaging industry.
The combined company's executive leadership team will be led by Bikulege and include senior leaders from both Novolex and Pactiv Evergreen. Michael King, former President and CEO of Pactiv Evergreen, will continue to serve as an advisor to Novolex.
Novolex is a leading manufacturer of food, beverage, and specialty packaging.
