Novolex, a plastic sheet and bag giant has announced its acquisition of Wisconsin Film & Bag, a manufacturer of custom polyethylene bags and films for amount unknown.
Headquartered in Hartsville, South Carolina, Novolex’s brand consists of Hilex Poly, Fortune Plastics, Novolex Custom Fil & Bag, Duro Bag, Bagcraft, De Luxe, Pac Paper, General Packaging and International Converter. The company ranks in 13th position in Plastics News’ most recent survey of North American film & sheet manufacturers, with estimated film sales of $600 million. With the acquisition deal, the company plans to widen beyond its traditional base in plastic T-shirt bags.
Stan Bikulege, chairman and CEO of Novolex said, “We are excited about the addition of WF&B to the Novolex family. This is important to us because it will further enhance our high quality packaging choices for customers while advancing our position as the industry leader in sustainability. It’s a great fit for Novolex and we will look forward to integrating the Shawano Team with our successful Novolex Custom Film & Bag brand. Our focus is to continue to invest in our business and supply our customers with world-class paper and plastic packaging products.”
Founded in 1972, Wisconsin Film & Bag with 175 employees has been manufacturing custom film and bags for 43 years and has expanded into sustainable and recycled materials with its own converting and recycling plants. It has received various prestigious awards and recognition in recent years for innovation and expertise in the recovery and recycling of post-industrial and post-consumer plastics packaging.
Wisconsin Film & Bag is the fourth acquisition since private equity investment company Wind Point Partners acquired Novolex in 2012, in partnership with Chairman and CEO Stan Bikulege. Now this addition, Novolex is $2 billion revenue company over 5,200 employees and 37 manufacturing locations in North America, including two world -class recycling facilities.