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Business acquired by NOVIPAX, a portfolio company of Atlas Holdings LLC
April 3, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sealed Air Corporation announced it has completed the sale of its North American foam trays and absorbent pads business to NOVIPAX, a portfolio company of Atlas Holdings LLC. The sale includes Sealed Air’s manufacturing facilities in Paxinos and Reading, PA, Indianapolis, IN, Rockingham, NC and Grenada, MS. In 2014, Sealed Air’s North American foam tray and absorbent pads businesses generated approximately $214 million in sales to the company’s Food Care division. “The decision to divest foa...
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