Novolex To Acquire The Waddington Group

Novolex announced it will acquire The Waddington Group from Newell Brands, Inc. The transaction is expected to close in approximately 60 days.

Headquartered in Covington, Ky., The Waddington Group is a global manufacturer and marketer of packaging and disposables serving the foodservice, bakery, deli, produce and confectionery markets. Novolex is a leading provider of packaging solutions serving retail, grocery, food service, hospitality, institutional and industrial markets.

The Waddington Group has a footprint that includes 16 sites in the U.S., Canada, Ireland, The Netherlands and the U.K., and approximately 3,000 employees worldwide. The Waddington Group is a great fit for Novolex. The company has a strong track record of developing innovative packaging solutions and, like Novolex, is a market leader in sustainability, Stan added.