Novolex® and Pactiv Evergreen Inc. Merge to Form Leading Packaging Manufacturer
Novolex® and Pactiv Evergreen Inc. announced today they have entered into a definitive agreement to combine, creating a leading manufacturer in food, beverage and specialty packaging products.
This transaction is supported by funds managed by affiliates of Apollo (the “Apollo Funds”), the majority shareholder of Novolex since 2022, and Canada Pension Plan Investment Board (“CPP Investments”), which will contribute approximately US$1 billion and will become a significant minority shareholder in the post-merger company.
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