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Announced

Completed

Kelso-backed Novvia Group completed the acquisition of Auberst.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Completed

Domestic

Single Bidder

Friendly

packaging services

United States

Containers and Packaging

Acquisition

customer service

Private

Private Equity

Synopsis

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Kelso-backed Novvia Group, a container and life sciences packaging distributor, completed the acquisition of Auberst, a California-based distributor of plastic and metal rigid packaging solutions. Financial terms were not disclosed. "The acquisition further strengthens Novvia’s presence on the West Coast and will be combined with Rhino Container, Novvia’s Chino, CA-based rigid packaging subsidiary, which Novvia acquired in December 2021. “We are looking forward to the continued success and expansion of our West Coast footprint and are excited to welcome Auberst to the Novvia family,” Ken Roessler, Novvia Executive Chairman.

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