Global rigid packaging distributor, Novvia Group has entered into a definitive agreement to acquire Saxco International, a provider of rigid packaging solutions to the beverage and food industries.
Saxco offers a broad range of products, including glass, metal, and plastic containers and closures, alongside a suite of value-added capabilities. Financial terms of the private transaction were not disclosed. Novvia is backed by Kelso & Company.
Founded in 1936 and headquartered in Fairfield, CA, Saxco serves a loyal customer base of more than 5,000 wineries, brewers, distillers, and specialty food and beverage manufacturers across North America.
The company operates over 1 million square feet of warehouse space spanning 20 fulfillment centers, providing customers with access to over 10,000 unique SKUs. Saxco supplements its product offering with a range of value-added services, including packaging design, artwork management, demand planning, case packing, and other capabilities.
“We are excited to join forces with Novvia to build upon Saxco’s rich history of customer service and deep expertise within our markets,” said JB Berry, CEO of Saxco.
“From our first interaction with the Novvia team, we were impressed with the professionalism, fairness, and efficiency of the diligence process and their focus on ensuring that Saxco can operate as a growth platform for Novvia, supported by the benefits and resources of a larger organization.
“I also want to extend my heartfelt thanks to our dedicated employees for their outstanding contributions to date. Together with Novvia, we are eager to execute on the opportunities that lie ahead.”
The combination marks Novvia’s strategic entry into the consumer product focused rigid packaging distribution market, which will complement Novvia’s current product offerings.
The experienced Saxco team will assume leadership over Novvia’s consumer product distribution division, leveraging their expertise to drive a thoughtful organic and inorganic growth strategy.
“The acquisition of Saxco is an important milestone in Novvia’s history. We are thrilled to partner with the strong Saxco team and bring Novvia’s organizational resources and deep customer and supplier relationships to bear as we scale our consumer packaging offering,” said Ken Roessler, Executive Chairman of Novvia.
“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.”