Global rigid container and life sciences packaging distributor, Novvia Group (“Novvia”), has acquired JWJ Packaging LLC (“JWJ”), a New Jersey based supplier of drums, pails, and other rigid container and shipping products. Financial terms of the private transaction were not disclosed. Novvia is backed by Kelso & Company (“Kelso”).

Founded in 2018, JWJ is a trusted supplier of packaging and shipping materials to customers across a diverse range of end markets. JWJ distributes a wide selection of steel and plastic drums, IBCs, shipping materials, and other accessories. Headquartered in Millstone Township, New Jersey, JWJ provides a full suite of products and services to customers across the tri-state area. Following the acquisition, JWJ will be combined with Rahway Steel Drum, Novvia’s existing New Jersey-based subsidiary, which was acquired in December 2022.

“We are pleased to partner with Novvia to support the continued growth of our business,” said William Guttridge Jr., founder and owner of JWJ. “We look forward to leveraging the resources of the national Novvia platform, including the company’s existing presence in the New Jersey marketplace, to deliver additional value to both existing and prospective customers.”

The transaction represents Novvia’s third acquisition in the Northeast U.S., which the company has identified as a strategic, high-growth market. “In a short period of time, Mr. Guttridge and the JWJ team have built a leading local packaging supplier that shares Novvia’s customer-focused values,” said Ken Roessler, Executive Chairman of Novvia. “We are excited for JWJ to join forces with Rahway Steel Drum and the broader Novvia platform as we continue investing in high-quality markets alongside likeminded partners,” added Roessler.

 

Source: businesswire.com

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