- Jan 10, 2025
- 1 min read
Novvia Group has announced its acquisition of Saxco International, a manufacturer of rigid packaging solutions for the food and beverage industry.
Founded in 1936 and headquartered in Fairfield, California, Saxco serves a diverse clientele of over 5,000 wineries, breweries, distilleries and speciality F&B manufacturers across North America.
The company has an extensive inventory with over 10,000 SKUs and operates more than 1 million square feet of warehouse space across 20 fulfillment centres, ensuring timely distribution of its products.
Saxco's offerings include a range of packaging solutions, from glass and metal to plastic containers, complemented by value-added services such as packaging design, demand planning and case packing.
This acquisition marks Novvia's strategic entry into the consumer-focused rigid packaging market, enhancing its existing capabilities in industrial and life sciences sectors.
JB Berry, CEO of Saxco, said: “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".
Ken Roessler, executive chairman of Novvia, added: "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 organizational resources and deep customer and supplier relationships to bear as we scale our consumer packaging offering.”
The financial details of the transaction remain undisclosed.
