With the flexible packaging market continually evolving, the recent acquisition of Packaging Dynamics Corp. by Novolex will create a flexible packaging company worth $1.9 billion. The company will have 35 manufacturing locations across North America employing 5,100 people.

Novolex has also acquired the Clondalkin Group and Duro Bag Manufacturing Company over the past two years.

As flexible packaging appeals to both consumers and retailers for the sake of convenience, it currently represents approximately 18 percent of the U.S.A.’s $145 billion packaging market.

H/t: http://www.plasticstoday.com/articles/New-acquisition-will-create-a-1.9-billion-flexible-packaging-company-141110
Additional source: https://www.flexpack.org/INDUST/industry_facts_figures.asp

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