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New Deal


Announced

Completed

Kelso-backed Novvia Group completed the acquisition of Ocean State Packaging.

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

Containers and Packaging

Acquisition

Majority

Private Equity

Completed

consumer packaging

Domestic

Private

Friendly

Single Bidder

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 Ocean State Packaging, a manufacturing company that provides consumer packaging products. Financial terms were not disclosed. “We are excited to partner with Novvia to continue growing our business. We intend to draw on a long history of customer service and our ‘one-stop-shop’ philosophy to deliver additional value to our loyal customers as part of the national Novvia platform,” Brian Beneduce, Ocean State President.

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