Apollo and Novolex Holdings LLC announced that funds managed by Apollo affiliates have entered into a definitive agreement to acquire the majority of the Company from funds managed by Carlyle. Carlyle will retain a minority stake in the Company. Financial terms were not disclosed. Novolex provides customers with packaging innovation, choice and sustainability. The Company manufactures products made with fiber, renewable, recycled and bio-based materials and resin that are designed to be recycled and composted. The Company is comprised of more than 10,000 employees worldwide and operates 57 manufacturing facilities in North America and Europe, including two world-class plastic recycling facilities. Customers include some of the world’s largest brands in the dine-in and to-go restaurant, grocery, retail, sanitation and janitorial, construction, food processing and related industries. With Apollo’s global resources and significant experience in the packaging sector, Novolex expects to strengthen its leadership position by expanding its blue-chip customer relationships through a shared commitment to sustainability and product innovation.

Amcor has been recognized for its AmSky™ and AmPrima™ more sustainable packaging solutions, earning a place on Walmart’s ‘Circular Connector’ platform. Circular Connector, established by retail giant Walmart, is a platform that makes it easier for sourcing teams and brands to quickly find more sustainable packaging solutions for the products they put on Walmart shelves. Being able to easily source more sustainable packaging solutions will enable the brands, and Walmart, to achieve their sustainability goals while driving a circular packaging economy. AmSky offers a world’s-first, recycle-ready blister pack for pharmaceuticals. AmPrima is a portfolio of recycle-ready packaging solutions with a low carbon footprint, applicable in different packaging formats from bags to packs and pouches, for both solid and liquid content.

In order to better serve it’s growing customer base ePac Flexible Packaging, the leader in fast time to market custom printed finished pouches and roll stock, has announced an expansion in operations to serve its rapidly growing customer base. Throughout 2020 ePac has been adding new manufacturing facilities in North America, expanded internationally, and added printing and finishing equipment to its existing operations. These expansion projects will continue to run through the balance of 2020 and into 2021. With its core mission to serve locally based small and medium-sized brands, the additional capacity will drive down lead times while enabling the company to also handle longer run length jobs.