New Water Capital to acquire Bulk Lift International and Bagwell Supply.

New Water Capital, a private equity firm, agreed to acquire Bulk Lift International, a manufacturer and supplier of flexible intermediate bulk containers, and Bagwell Supply, a manufacturer of packaging products. Financial terms were not disclosed. "Our company has built a reputation for quality, flexibility and supply-chain reliability that has made us the preferred supplier to a growing number of high-end industrial customers. With the expanded footprint of the new company and New Water's financial and operational support, we are ideally positioned to both grow our customer base and better serve our existing customers as their product and service needs evolve in a rapidly changing marketplace," Tony Famiano, Bulk Lift CEO.