Novvia Group Completes Acquisition Of Jf Shelton’S Packaging Distribution Division
Jan 04, 2023•almost 3 years ago
Acquiring Company
Novvia Group
Acquired Company
JF Shelton
Description
Global rigid container and life sciences packaging distributor, Novvia Group (“Novvia”), has acquired the packaging distribution division JF Shelton (“JF Shelton Packaging Distribution” or the “Company”) from Ravago Chemicals. JF Shelton Packaging Distribution is a Washington-based distributor of bottles, drums, IBCs, and other rigid packaging solutions. Financial terms of the private transaction were not disclosed. Novvia is backed by Kelso & Company (“Kelso”).
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed