A group of packaging distributors with common ownership is uniting under a new single name.
The regional firms owned by private investment firm Kelso & Co. — Inmark, C.L. Smith Co., Silver Spur Corp. and Container Supply Inc. — are coming together under the Novvia Group holding company.
"We remain firmly committed to continued investment in support of Novvia's growth, both organically and through additional acquisitions, in order to further expand the company's national presence and product offerings across a wide range of end markets," Kelso said in a statement.
The Novvia Group name comes from two Latin words, "novus" meaning new and "via" meaning way, the company said.
The four companies have a total of more than two dozen distribution locations around the country and a manufacturing facility, Lyons Blow Molding of Berkely, Mo., according to their websites.
"Already unified by our shared values, industry-leading talent and passion for best-in-class customer service, our family of great companies will now be further united by a dynamic holding company name and brand identity," Novvia Group CEO Sarah Macdonald said in a statement. She also serves as president of C.L. Smith. "While Novvia Group provides an appropriate level of corporate identity, our individual company names will remain and, indeed, be championed to leverage the local and personalized service that has led to deep and lasting customer loyalty over many decades."
Kelso, of New York, has acquired the four companies that now make up Novvia in less than a year, starting with its initial purchase of Inmark in December. That was followed by deals for Silver Spur and C.L. Smith in May, and Container Supply in June.