Rigid packaging distributor Saxco International LLC is being sold to Novvia Group by Atlas Holdings in a deal expected to close this quarter. Terms of the purchase were not disclosed.
Saxco, based in Fairfield, Calif., distributes rigid packaging, including plastic products, to more than 5,000 customers in North America. Atlas Holdings purchased the firm in December 2019 and the company has grown over the years.
"Saxco has diversified its supplier network and expanded the scope of services available to customers, deepening its already strong industry relationships while gaining traction with new end markets through innovation and a commitment to reliability," Atlas partner Sam Astor said in a statement.
Novvia Group is owned by private equity firm Kelso & Company of New York City.
"The acquisition of Saxco is an important milestone in Novvia's history," Novvia Executive Chairman Ken Roessler said in a statement. "We are eager to continue our ambitious growth strategy and build upon Novvia's differentiated market position across a diverse range of end markets and product categories."
Saxco, based in Fairfield, Calif., dates to 1936 and has more than 1 million square feet of warehouse space in 20 locations in North America. Along with distribution, the company also provides packaging design, artwork management, planning and case packing.
Novvia, based in St. Louis, has grown over time with a series of acquisitions. Companies operating under Novvia ownership include of Inmark, C.L. Smith, Silver Spur, Container Supply, Fox Valley, Rhino, Novvia Canada, Southern Container, Duval Container, Rios, Auberst, Innovative Container, Rahway, Northern Container, Ocean State, JWJ Packaging and Liquid Bottles.