New Water Capital Affiliate Completes Acquisitions of Norwood Paper and BulkSak
New Water Capital (“New Water”), an operationally-focused lower middle market private equity firm, today announced that it has completed the acquisitions of Norwood Paper Inc. (“Norwood”) and BulkSak International (“BSI”). The acquisitions become a part of New Water’s broader transportation packaging solutions platform which will now be the largest provider of specialty FIBCs and related packaging in North America. Terms of the private transactions were not disclosed.
Norwood, headquartered in Chicago, IL, produces high quality, non-box related branded liners, skid sheets and other flat sheets for customers ranging from small businesses to Fortune 500 companies. Based in Chicago, Norwood is a second-generation, family-run business established in 1972 and possesses an extensive understanding of the manufacturing industry’s packaging needs.