Novvia Group Acquires Rahway Steel Drum Company

St. Louis, Missouri. Global rigid container and life sciences packaging distributor Novvia Group has acquired Rahway Steel Drum Company, a New Jersey based distributor of drums, pails, IBCs and other rigid packaging solutions. Financial terms of the private transaction were not disclosed. Novvia is backed by Kelso & Company.

About Rahway

For over 70 years, Rahway has been a supplier of rigid packaging products to the Northeast. Rahway operates out of a facility in Cranbury, New Jersey and maintains its own fleet of tractors and trailers, enabling just in time delivery. Rahway offers customers across a variety of industries a breadth of rigid packaging products, including metal and plastic drums.

In their words

"We are excited to join Novvia, who will support Rahway in accelerating our growth and delivering additional value to our customers," said Rahway owners Mike and Tony Foglia. "We are proud of Rahway's long and rich history and look forward to the significant future opportunities made possible by this partnership."

What it means

The transaction represents Novvia's expansion into the Northeast. "The acquisition of Rahway is an important step for Novvia, in that it delivers on our original premise of being the only industrial packaging distributor with complete coverage of the US and Canada," said Novvia Executive Chairman Ken Roessler.