Novvia Group Acquires Liquid Bottles
ST. LOUIS–(BUSINESS WIRE)–Global rigid container and life sciences packaging distributor, Novvia Group (“Novvia”), has acquired Liquid Bottles LLC (“Liquid Bottles”), a Florida based supplier of 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”).
Founded in 2014, Liquid Bottles has grown exponentially from a small operation in the owner’s garage to a 40,000sf warehouse in Palmetto, Florida. As a trusted supplier of plastic and glass packaging, Liquid Bottles serves a wide network of customers across diverse geographies and industries. The company’s extensive range of containers, jars, bottles, boxes, and closures supports various applications, further enhancing Novvia’s position in the Southeastern U.S. market.
The Liquid Bottles management team will stay on with Novvia sharing mutually aligned goals of service and growth. “We look forward to working with the Novvia management team to help continue the expansion of both enterprises,” said Adam Wait, Co-Founder of Liquid Bottles. Justin Hertz, Co-Founder of Liquid Bottles added “Liquid Bottles and Novvia have the same focus on customer experience and this relationship provides both organizations even more packaging solutions for our customers.”
The acquisition supports Novvia’s existing position in the Southeast, expanding the company’s product breadth and enhancing its local market presence in this important, rapidly growing region. “Liquid Bottles has built an impressive business over its 10-year history, and we welcome the company to the Novvia family,” said Ken Roessler, Executive Chairman of Novvia. “We look forward to investing in the continued growth of the Company and further developing their e-commerce platform and extensive product line,” added Roessler.
For more information about Liquid Bottles, please visit liquidbottles.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, and Liquid Bottles, 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 approximately $19 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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