CALIFORNIA (From news reports) -- Novolex is shutting down a former Pactiv Evergreen plant in Bakersfield, California, according to a WARN notice posted by the state. The company is permanently closing the manufacturing facility come Oct. 14, impacting 127 employees.
The news follows Novolex completing its $6.7 billion acquisition of Pactiv Evergreen in April, which took the purchased company private. Novolex is majority-held by private equity firm Apollo Funds and manufactures food, beverage and specialty packaging, primarily focused on fiber and plastic substrates.
Novolex has made some other operational adjustments since integrating Pactiv, including naming a new chief operating officer in June and a new chief procurement officer last week.
Earlier this year, when the combination was still in progress, Pactiv Evergreen announced it would permanently close a food and beverage packaging facility in Kalamazoo, Michigan, come June, laying off 153 employees. Prior to the acquisition, Pactiv Evergreen also sold sites in Arkansas and North Carolina to Suzano.
Novolex could not be reached for comment prior to publication.
