Novolex, a portfolio company of The Carlyle Group and an industry leader in packaging choices and sustainability, announced it has acquired Zenith Specialty Bag, a leading provider of specialty paper food packaging products, including those for baked goods.
“We are pleased to welcome Zenith into the Novolex family. Zenith brings to our company not only a nearly 75-year history of manufacturing excellence and customer focus, but also a number of important products that will enhance our Bagcraft® Packaging business and help us continue our strategic growth,” said Stan Bikulege, chairman and CEO of Novolex.
The combination of Zenith and Bagcraft resources will offer a broad range of paper food packaging products and deepen relationships with customers seeking high-quality, innovative food packaging solutions. Novolex is one of North America’s leaders in packaging choices and sustainability serving retail, grocery, foodservice, hospitality, institutional and industrial markets. With the addition of Zenith Specialty Bag, Novolex will have more than 10,000 team members and 61 manufacturing sites worldwide.
“Today’s announcement marks the start of a new chapter in the long history of Zenith Specialty Bag, and a strong step forward for the Zenith team and its customers. I’m confident that the vision shared with us by the leadership of Novolex will position our team and our products for growth and an exciting future,” said Scott Anderson, Zenith’s President & CEO.
Zenith Specialty Bag, headquartered in City of Industry, California, USA, was founded in 1945 and for almost 70 years has been owned and managed by the Anderson family. The company has grown over the last seven decades and now serves customers across the bakery, coffee and quick service restaurant sectors. Zenith is known for providing a one-stop-shop for custom packaging needs through innovation, state-of-the-art converting equipment and efficient manufacturing operations. The family-owned company’s sole manufacturing plant is located in City of Industry.
Zenith Specialty Bag is the ninth acquisition by Novolex since 2013.