Acquiring Company
Novvia Group
Acquired Company
Rhino Container
Description
Global rigid container and life sciences packaging distributor, Novvia Group (“Novvia”), has acquired Rhino Container Inc. (“Rhino”), a distributor of plastic, metal, corrugated, and glass packaging products. Financial terms of the private transaction were not disclosed.
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