Novolex Acquires Wisconsin Film & Bag
Novolex has acquired Wisconsin Film & Bag (WF&B), a manufacturer of custom polyethylene (PE) bags and films as well as a leader in sustainable and recycled materials.
“We are excited about the addition of Wisconsin Film & Bag to the Novolex family,” says Stan Bikulege, chairman and CEO of Novolex. “This is important to us because it will further enhance our high-quality packaging choices for customers while advancing our position as the industry leader in sustainability.
“It’s a great fit for Novolex and we will look forward to integrating the Shawano team with our successful Novolex custom film and bag brand. Our focus is to continue to invest in our business and supply our customers with world class paper and plastic packaging products.”
WF&B was founded in 1972 in Oconto, Wisc., as a manufacturer of can liners. The company expanded and moved to the Shawano site in the early 1980s, where it has experienced continuous growth over the last 40 years and invested in state-of-the-art manufacturing systems.
WF&B is Novolex’s fourth acquisition since Wind Point Partners acquired Novolex (formerly Hilex Poly) in 2012.
Previous Novolex acquisitions include Packaging Dynamics (December 2014), Duro Bag (July 2014) and a portion of Clondalkin Group’s North American Flexible Packaging Division (April 2013). With the addition of WF&B, Novolex says it is now a $2 billion revenue company with more than 5,200 employees and 37 manufacturing locations in North America, including two world-class recycling facilities.