ST. LOUIS–(BUSINESS WIRE)–Global rigid container and life sciences packaging distributor, Novvia Group (“Novvia”), has acquired Duval Container Company (“Duval Container”), a distributor of plastic, metal, fiber, and glass packaging products. Financial terms of the private transaction were not disclosed. Novvia is backed by Kelso & Company (“Kelso”).
Headquartered in Jacksonville, FL, Duval Container is a supplier of drums, totes, boxes, glass and plastic containers. The company was founded in 1919 and was purchased by the Gills family in 1987. The company’s unique walk-up counter sales offers customers same-day pickup for in stock products. Duval operates out of two warehouse locations totaling 93,000 square feet and has customers across the chemical, agriculture, food and beverage industries, among many others.
“As foreshadowed in the Southern Container announcement, we are bullish on the Southeast market and are delighted to add Duval to help Novvia expand our position in this key geography,” said Executive Chairman Ken Roessler.
About Duval Container
For over 100 years, Duval Container has been in the container, bottle, and barrel industry, supplying a wide range of cans, pails, drums, bottles, jars, and other rigid packaging products to a variety of customers and end markets. Duval Container also provides its customers with walk-up counter and showroom access for day-of or next day order pickups. For more information, please visit www.duvalcontainer.com.
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, Rhino, Novvia Canada, and Southern Container, 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.
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 137 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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