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Novvia Group Acquires Rahway Steel Drum Company

Dec 08, 2022•about 3 years ago

Acquiring Company

Novvia Group

Acquired Company

Rahway Steel Drum

St. LouisManufacturing

Description

Global rigid container and life sciences packaging distributor, Novvia Group (“Novvia”), has acquired Rahway Steel Drum Company (“Rahway”), a New Jersey based distributor of drums, pails, IBCs, and other rigid packaging solutions. Financial terms of the private transaction were not disclosed. Novvia is backed by Kelso & Company (“Kelso”).

Company Information

Company

Novvia Group

Location

St. Louis, Missouri, United States

About

Novvia Group is a leader in high-quality packaging solutions and customized services with domestic and international customers across myriad of industries. Through its family of dynamic companies, comprised of Inmark, C.L. Smith, Silver Spur, Container Supply, Fox Valley, Rhino, Novvia Canada, Southern Container, Duval Container, Rios, Auberst, Innovative Container, JF Shelton, Rahway, Northern Container, Ocean State, JWJ Packaging, Liquid Bottles, Saxco, MegaChem, GHI, and Aaron Packaging, Novvia has set a new industry standard as a national stocking distributor with a comprehensive suite of containers and supplies, trusted local relationships and 40+ years of best-in-class customer service.

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M&A Insights

Based on deal data
Integration 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