Private-equity firm completes acquisition of Norwood Paper and BulkSak

Boca Raton, FL-based private-equity firm New Water Capital completes its acquisitions of Norwood Paper, Inc., and BulkSak International. The acquisitions become a part of New Water’s broader transportation-packaging solutions platform which will now be the largest provider of specialty FIBCs and related packaging in North America. Terms of the deals were not disclosed.

Norwood, headquartered in Chicago, produces non-box related branded liners, skid sheets and other flat sheets for customers ranging from small businesses to Fortune 500 companies. Norwood is a second-generation, family-run business established in 1972 and possesses an extensive understanding of the manufacturing industry’s packaging needs.

BulkSak, headquartered in Gastonia, NC, with a manufacturing facility in Malvern, AR, is a manufacturer and distributor of packaging products including FIBCs, specialty small bags, liners, dunnage bags, reusable-plastic transportation pallets and other polypropylene-based products (above). Founded in 2007 and primarily serving the chemical and food industries, BulkSak’s broad range of product expertise allows the company to meet exacting customer needs.

These are the third and fourth add-on acquisitions for the transportation-packaging solutions platform. Shortly following New Water’s acquisition of Bulk Lift in November 2022, the firm acquired Bagwell Supply, Ltd., a Canadian provider of FIBCs, small industrial bags and complementary packaging solutions, with facilities in Richmond, British Columbia, and Mississauga, Ontario.