ACON Investments buys Novipax
The Washington, D.C.-based private equity firm completed the acquisition of the food packaging company.
Washington, D.C.-based ACON Investments LLC closed the acquisition of Novipax LLC.
Novipax provides food packaging and is primarily focused on absorbent pads for fresh meat and poultry packaging in the U.S.
As part of the deal, the management team of Novipax will be shareholders alongside ACON.
The terms of the transaction were not disclosed.