Global rigid packaging distributor Novvia Group has signed a definitive agreement to acquire Saxco International, a provider of rigid packaging solutions for the beverage and food sectors.
The financial details of the deal have not been divulged by either company.
Saxco International, founded in 1936 and based in California, US, boasts a customer base of more than 5,000 wineries, brewers, distillers, and speciality food and beverage manufacturers throughout North America.
The company operates over one million square feet of warehouse space across 20 fulfilment centres, offering customers access to more than 10,000 stock-keeping units.
In addition to its wide range of products, including glass, metal, and plastic containers and closures, Saxco offers a suite of value-added services.
These services encompass packaging design, artwork management, demand planning, and case packing, among other capabilities.
The experienced Saxco team will lead Novvia's consumer product distribution division, to implement a strategic approach for both organic and inorganic growth.
Saxco CEO JB Berry said: “We are excited to join forces with Novvia to build upon Saxco’s rich history of customer service and deep expertise within our markets.
“From our first interaction with the Novvia team, we were impressed with the professionalism, fairness, and efficiency of the diligence process and their focus on ensuring that Saxco can operate as a growth platform for Novvia, supported by the benefits and resources of a larger organisation."
The partnership between Novvia and Saxco is set to solidify Novvia's status as a leading supplier across various rigid packaging distribution applications, building on its robust presence in industrial and life sciences rigid packaging distribution.
Novvia executive chair Ken Roessler said: “The acquisition of Saxco is an important milestone in Novvia’s history.
“We are thrilled to partner with the strong Saxco team and bring Novvia’s organisational resources and deep customer and supplier relationships to bear as we scale our consumer packaging offering."
