GREENWICH, Conn.--(BUSINESS WIRE)--Atlas Holdings (“Atlas”) today announced it has entered into a definitive agreement to sell Saxco International, LLC (“Saxco”) to Novvia Group (“Novvia”), which is backed by Kelso & Company (“Kelso”). The transaction is anticipated to close in the first quarter of 2025, subject to customary closing conditions. Terms were not disclosed.
Headquartered in Fairfield, California, Saxco is a leading value-added distributor of rigid packaging, focused on the beverage market. Founded in 1936, Saxco serves a loyal customer base of more than 5,000 wineries, brewers, distillers, and specialty food and beverage manufacturers across North America. With a strong heritage in glass, Saxco is today known for its eco-friendly and sustainable packaging solutions. Now servicing customers for almost a century, Saxco enjoys deep customer relationships that span more than 50 years. With an exceptional Leadership Team, Saxco experienced tremendous growth since Atlas’ acquisition in December 2019, strengthening its sourcing capabilities while growing and diversifying its customer base of premier brands.
“We want to congratulate CEO JB Berry and his superb team at Saxco. We are immensely proud of the transformation we drove together in our five-year partnership with Saxco,” said Atlas partner Sam Astor. “Saxco is a textbook example of a core Atlas competency – recognizing a business with a clear reason to exist and working in partnership with the Leadership Team to seize on the opportunity to return it to a position of market leadership. Saxco has diversified its supplier network and expanded the scope of services available to customers, deepening its already strong industry relationships while gaining traction with new end markets through innovation and a commitment to reliability. We wish them much continued growth in the years ahead.”
“It has been an honor to lead Saxco alongside the Atlas team. Together, we built an exceptional business and we’re looking forward to what lies ahead,” said Saxco CEO JB Berry.
About Atlas Holdings
Headquartered in Greenwich, Connecticut and founded in 2002, Atlas and its affiliates own and operate 26 companies, which employ more than 50,000 associates across 350 facilities worldwide. Atlas operates in sectors such as automotive, building materials, capital equipment, construction services, food manufacturing and distribution, metals processing, packaging, paper, power generation, printing, pulp, supply chain management and wood products. Atlas’ companies together generate approximately $16 billion in revenues annually.
About Saxco
At Saxco International, LLC, our mission is to “package customers’ dreams.” With more than 80 years of industry experience providing a broad range of packaging solutions and supply chain services to the wine, spirits, beer and food industries, Saxco offers a broad range of packaging products including glass, metal, and plastic containers, capsules, closures, custom packaging and mold development. Headquartered in Concord, California, Saxco has a vast network of customer support and fulfillment centers operating throughout the United States, Canada and Asia and was just awarded the Best Bottles Supplier in the nation from Spirited Magazine’s annual Reader’s Poll.
