Global rigid container and life sciences packaging distributor, Novvia Group (“Novvia”), has acquired MegaChem, Inc. (“MegaChem”), a North Carolina based supplier of pails, drums, plastic and glass containers, and other rigid packaging products. Financial terms of the private transaction were not disclosed. Novvia is backed by Kelso & Company (“Kelso”).
Tracing its roots back to 1979, MegaChem has grown and undergone several significant transitions and currently operates out of a 45,000 square foot facility in High Point, NC. MegaChem serves a wide base of customers spanning multiple geographies and end markets. The company’s diverse range of products further enhances Novvia’s industrial vertical and presence in the Southeastern U.S. market.
MegaChem owner Richard Lewis will stay on with Novvia to help continue to grow the business and manage day-to-day operations. “We are excited to partner with the Novvia team to share in our mutually aligned vision of growth,” said Lewis. “We look forward to leveraging the resources of the national Novvia platform to continue to deliver value to our customers.”
The transaction promotes Novvia’s position in the industrial packaging distribution market. “I have followed and admired the MegaChem business for many years and am delighted to have them join Novvia,” said Ken Roessler, Executive Chairman of Novvia. “We look forward to working with Richard and Team to continue to solidify our position in the Southeast market and expand their unique offerings across our network,” added Roessler.
For more information about MegaChem, please visit megacheminc.com.
About Novvia Group
Novvia Group is a leader in high-quality packaging solutions and customized services with domestic and international customers across myriad of industries. Through its family of dynamic companies, comprised 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, Liquid Bottles, Saxco, and MegaChem, Novvia has set a new industry standard as a national stocking distributor with a comprehensive suite of containers and supplies, trusted local relationships and 40+ years of best-in-class customer service. For more information, please visit www.novviagroup.com.
About Kelso
Kelso is one of the oldest and most established firms specializing in private equity investing. Since 1980, Kelso has invested over $20 billion of equity capital in over 140 transactions. Kelso was founded by the inventor of the Employee Stock Ownership Plan (ESOP) and, as a result, the principles of partnership and alignment of interest serve as the foundation of the firm’s investment philosophy. Kelso benefits from a successful investment track record, deep sector expertise, a long-tenured and stable investing team, and a reputation as a preferred partner to management teams and corporate partners. Kelso has significant experience investing in and supporting high-growth distribution and packaging platforms. The firm is based in New York, NY. For more information, please visit www.kelso.com.
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