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Novolex Acquires Vegware

Aug 10, 2021•almost 4 years ago

Acquiring Company

Novolex

Acquired Company

Vegware

Description

Novolex®, a leader in packaging choice, innovation and sustainability, has acquired Vegware, a rapidly growing international provider of compostable foodservice packaging headquartered in Edinburgh, U.K. Vegware's teams in both the U.K. and U.S. are expected to join the Novolex family. The Vegware brand will remain intact as part of Novolex's Eco-Products portfolio of brands and will continue to sell its products under the Vegware label.

Company Information

Company

Novolex

About

Novolex develops and manufactures diverse packaging products for the food packaging, delivery and carryout, food processor and industrial markets that touch nearly every aspect of daily life in multiple industries. The Novolex family of brands provides customers with innovative food and delivery packaging and performance solutions for their business needs today while investing in research and development to engineer more sustainable choices for the future. With more than 10,000 employee families, Novolex operates 57 manufacturing facilities in North America and Europe, including two world-class plastic film recycling centers. To learn more about Novolex, visit www.Novolex.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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