Kohlberg & Co. Sells Packaging Dynamics to NOVOLEX
Ropes & Gray represented Kohlberg & Company and its portfolio company, Packaging Dynamics, in the proposed sale of Packaging Dynamics to NOVOLEX in a deal announced Nov. 10. Packaging Dynamics is a leading manufacturer of flexible, paper-based food packaging products. The combined companies will operate under the NOVOLEX name with approximately $1.9 billion in expected revenue.
The Ropes & Gray team included private equity partner William Shields (Boston), tax partner Aaron Harsh (Boston), finance partner Steven Rutkovsky (New York), private equity associate Timothy Castelli (Chicago) and tax associate Pam Glazier (Boston).