The transactions in November 2022 create one of North America's largest FIBC providers, company officials said, primarily serving customers in the food and beverage, chemical, pharmaceutical, minerals, and construction products industries
New Water Capital Fund II acquires North American FIBC providers Bulk Lift and Bagwell. (Credit: PR Newswire/ New Water Capital, L.P.)
Private equity firm New Water Capital (NWC) announced today an investment in the flexible intermediate bulk container (FIBC) sector, with the acquisition of Bulk Lift International LLC (Bulk Lift) and Bagwell Supply Ltd. (Bagwell) – two North American designers, manufacturers and value-added distributors of FIBCs and complementary packaging products. The transactions in November 2022 create one of North America’s largest FIBC providers, company officials said, primarily serving customers in the food and beverage, chemical, pharmaceutical, minerals, and construction products industries. The closing of these two acquisitions marks NWC’s third platform investment and second add-on across New Water Capital Fund II.
Founded in 1978 as a pioneering manufacturer and distributor of high-end and premium FIBCs, Bulk Lift has deepened its capability and expertise in its core of FIBC solutions and grown its offering to include a robust suite of complementary packaging solutions, including pallets, stretch films and liners. The company has also expanded its manufacturing operations to a state-of-the art facility in Nuevo Laredo, Mexico, and developed a mature international supply chain complete with local quality control presence to assure product quality. The company is headquartered in St. Charles, Illinois, with distribution locations across the United States.
Bagwell, established in 1997, is a recognized Canadian provider of FIBCs, small industrial bags and complementary packaging solutions, with facilities in Richmond, British Columbia, and Mississauga, Ontario.
Company principals say the new, combined company, with its expanded reach, will be positioned to better serve customers in the U.S., Canada and Mexico with a deeper pool of technical expertise, broader product line offerings and more diversified supply chain solutions.
“Our company has built a reputation for quality, flexibility and supply-chain reliability that has made us the preferred supplier to a growing number of high-end industrial customers,” said Bulk Lift CEO Tony Famiano. “With the expanded footprint of the new company and New Water’s financial and operational support, we are ideally positioned to both grow our customer base and better serve our existing customers as their product and service needs evolve in a rapidly changing marketplace.”
Source: Company Press Release