Novolex closing Pactiv Evergreen plant in California, affecting 127 employees



Novolex closing Pactiv Evergreen plant in California, affecting 127 employees | Novolex, Pactiv Evergreen, closure,

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.

Novolex could not be reached for comment prior to publication.

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