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Announced

Completed

Kelso-backed Novvia Group completed the acquisition of packaging distribution division of Ravago-bakced JF Shelton.

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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United States

packaging distribution

Industrial Distribution

Acquisition

Domestic

Private

Completed

Single Bidder

Private Equity

Majority

Friendly

Synopsis

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Kelso-backed Novvia Group, a provider of packaging solutions and customized services, with domestic and international customers, completed the acquisition of packaging distribution division of Ravago-bakced JF Shelton, a distributor of both raw materials and industrial containers. Financial terms were not disclosed. “The acquisition of JF Shelton Packaging Distribution adds to our already strong West Coast portfolio. We are pleased to have partnered with Ravago Chemicals to complete this complex carve-out transaction,” Ken Roessler, Novvia Executive Chairman.

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