Global rigid packaging distributor, Novvia Group (“Novvia”), has signed a definitive agreement to acquire Saxco International, LLC (“Saxco” or the “Company”), a leading provider of rigid packaging solutions for the beverage and food industries. Saxco offers a broad range of products, including glass, metal and plastic containers and closures, along with a suite of value-added capabilities. Financial terms of the private transaction were not disclosed. Novvia is backed by Kelso & Company (“Kelso”).
Founded in 1936 and headquartered in Fairfield, CA, Saxco serves a loyal customer base of more than 5,000 wineries, breweries, distilleries and specialty food and beverage manufacturers in North America. The company operates more than 1 million square feet of warehouse space in 20 fulfillment centers, providing customers with timely access to more than 10,000 unique SKUs. Saxco complements its broad product offering with a variety of value-added services, such as packaging design, artwork management, demand planning, case packing and other capabilities.
The combination marks Novvia’s strategic entry into the consumer-focused rigid packaging distribution market, which will complement Novvia’s existing product offerings. Saxco’s experienced Saxco team will assume leadership of Novvia’s consumer products distribution division, leveraging its expertise to drive a thoughtful organic and inorganic growth strategy. Together with Novvia’s strong presence in rigid packaging distribution for the industrial and life sciences sectors, the partnership cements Novvia as a leading supplier in a wide range of rigid packaging distribution applications.
