Novolex Acquires Zenith Specialty Bag in California
Zenith Specialty Bag serves customers across the bakery, coffee and quick service restaurant sectors.
Oct. 2, 2019 - Novolex, a portfolio company of The Carlyle Group, announced it has acquired Zenith Specialty Bag, a leading provider of specialty paper food packaging products, effective Oct. 1. Founded in 1945, Zenith Specialty Bag, with a manufacturing plant located in City of Industry, California, has been owned and managed by the Anderson family for almost 70 years. The company has grown over the last seven decades and now serves customers across the bakery, coffee and quick service restaurant sectors. "We are pleased to welcome Zenith into the Novolex family," said Stan Bikulege, Chairman and CEO of Novolex. "Zenith brings to our company not only a nearly 75-year history of manufacturing excellence and customer focus, but also a number of important products that will enhance our Bagcraft® Packaging business and help us continue our strategic growth." Zenith Specialty Bag is the ninth acquisition by Novolex since 2013. Previous Novolex acquisitions include The Waddington Group (June 2018), Shields Bag & Printing (January 2018), Burrows Packaging (December 2016), Heritage Bag (April 2016), Wisconsin Film & Bag (September 2015), Packaging Dynamics (December 2014), Duro Bag (July 2014) and a portion of Clondalkin Group's North American Flexible Packaging Division (April 2013). Novolex™ develops and manufactures diverse packaging and food service products for multiple industries ranging from grocery, food packaging, restaurant and retail to medical applications and building supplies. With more than 10,000 employee families, after the acquisition of Zenith, Novolex will operate 61 manufacturing plants in North America and Europe. To learn more, visit: www.Novolex.com. SOURCE: Novolex |