Novolex Company Market Research Report

Company Overview

• Name: Novolex

• Mission: To lead in packaging innovation, choice, and sustainability while providing superior performance, convenience, and reduced food waste.

• Founded: The company was established with the acquisition of Hilex® Poly in 2012 and rebranded to Novolex in 2014.

• Key People:

• Stanley Bikulege - Chairman and Chief Executive Officer

• Lisa Dulski - Chief Human Resources Officer

• Paul Frantz - President, Food & Delivery

• Ronald Horner - Chief Procurement Officer

• Ted Jackson - President, Performance Solutions

• Dennis Norman - Chief Financial Officer

• Daniel L. Rikard - General Counsel

• Adrianne Tipton, PhD - Chief Technology Officer

• Matthew Winokur - Senior Vice President, Corporate Affairs

• Headquarters: 3436 Toringdon Way, Suite 100, Charlotte, NC 28277

• Number of Employees: Over 10,000

• Revenue: No information is available

• Known For: Innovative packaging solutions that emphasize choice, innovation, and sustainability, serving multiple sectors including foodservice, delivery, food processing, and industrial markets.

Products

Novolex provides a diverse range of products across various markets and segments:

Food & Delivery Segment

• Products Offered:

• Food packaging items such as plates, bowls, cups, utensils, clamshells, serving tray liners, platters, and salad containers.

• Delivery and carryout items including paper and plastic food containers and retail bags.

• Brands:

• Bagcraft®

• De Luxe™

• Duro®

• Eco-Products®

• Hilex®

• Polar Pak®

• Waddington North America®

• Waddington Europe®

Performance Solutions Segment

• Products Offered:

• Products for food processing like custom wrappers and frozen food packaging.

• Industrial applications include trash can liners and moisture barrier films.

• Brands:

• Shields®

• Heritage®

Key Product Features

• Eco-Products® Veda Line: Reusable containers designed for closed-system environments. Features include proprietary tracking and collection technology, and options for various sizes and compartments.

• TamperFlag Containers: A container solution to ensure food safety with a tamper-evident flag for consumer peace of mind.

• Power Prep Bags and Rolls: For maintaining the quality of frozen, reheated, and ready-to-eat foods.

Recent Developments

New Product Launches

• Veda Line of Reusable Containers: Launched by Eco-Products®, designed for sustainability-focused closed systems.

• TamperFlag Containers: Introduced to enhance food safety with tamper-evident features.

• Power Prep Bags and Rolls: Designed for grab-and-go hot sandwiches, maintaining flavor and quality in various preparation stages.

Partnerships and Investments

• Investment in OZZI®: Novolex invested in OZZI for enhancing reusable packaging solutions, complementing Eco-Products®.

• Acquisition of American Twisting: Acquired to enhance Duro Bag operations with expertise in twisted-paper handles.

Strategic Developments

• Focus on sustainability with goals like reducing GHG emissions by 30% by 2030.

• Implementation of energy-efficiency projects and enhancing recycling capabilities.

Conclusion

Novolex stands as a leading innovator in packaging, committed to sustainability, safety, and integrity. With a strong portfolio of brands, the company continues to expand its market presence and product offerings, backed by extensive research and development. The company’s commitment to environmental stewardship and sustainable practices is reflected in their comprehensive product lifecycle approach and global contributions to recycling and waste reduction initiatives.