Novvia Group Acquires Andicor’s Container Distribution Division
ST. LOUIS–(BUSINESS WIRE)–Global rigid container and life sciences packaging distributor, Novvia Group (“Novvia”), has acquired the container distribution division of Andicor Specialty Chemicals (“Andicor Container Distribution”), a distributor of plastic, tin, and steel products in Canada. In connection with the transaction, Andicor Container Distribution will be re-branded Novvia Group Canada. Financial terms of the private transaction were not disclosed.
Headquartered in Mississauga, Ontario, Andicor Container Distribution is a distributor of cans, pails, drums, and other rigid packaging products to a variety of end markets. The company provides a comprehensive product offering and distribution capabilities to a long-tenured customer base, leveraging over 20 years of experience, a nationwide sales team, and strategic networks of warehouse and delivery services. Chris Machin, formerly President of Andicor Specialty Chemicals, will serve as President of Novvia Group Canada and will lead the division going forward.
“Andicor Container Distribution is excited to partner with Novvia Group to help fuel the division’s next phase of growth,” said Steve Waters, CEO of Andicor Specialty Chemicals. “We believe the resources and capabilities of the broader Novvia organization will allow Andicor Container Distribution to better serve its existing and future customers and drive expansion in the Canadian market.”
“Completing the acquisition of Andicor Container Distribution marks a continuation of Novvia’s strong growth momentum and demonstrates our ability to execute on a complex, cross-border carve-out,” commented Novvia Executive Chairman Ken Roessler. “Steve Waters and his partners have built a great business and we look forward to continuing their legacy of customer service.”
About Andicor Container Distribution
Andicor Container Distribution is a provider of tin containers, steel pails, and plastic pails to customers across North America. Headquartered in Mississauga, Ontario, the Company is centrally located with a national focus, providing products through a strategic warehouse network. Andicor Container Distribution possesses an exceptional sales team and extensive industry experience, with focuses on regulatory and environmental governance.
About Novvia Group
Novvia Group is a leader in high-quality packaging solutions and customized services with domestic and international customers across myriad industries. Through its family of dynamic companies, comprised of Inmark, C.L. Smith, Silver Spur, Container Supply, Fox Valley, Acepac Shanghai, Rhino, and Andicor Container Distribution, 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. Novvia is backed by Kelso & Company (“Kelso”). For more information, please visit www.novviagroup.com.
Kelso is one of the oldest and most established firms specializing in private equity investing. Since 1980, Kelso has invested approximately $17 billion of equity capital in 135 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.
Leave A Comment
You must be logged in to post a comment.