Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

Novvia Group acquires its third container provider in Northeast

Private equity-backed packaging provider will combine JWJ Packaging with Rahway Steel Drum

JWJ Screen Shot 2023-12-21 at 12.19.16 PM.jpg
DC Velocity Staff
By DC Velocity StaffDec 21, 2023
DC Velocity Staff
See Full Bio

The private equity-backed packaging distributor Novvia Group has made its third acquisition in the Northeast U.S., announcing Wednesday that it has bought JWJ Packaging LLC, a New Jersey based supplier of drums, pails, totes, pallets, and other rigid container and shipping products.

Terms of the deal were not disclosed. But the company said that following the acquisition, JWJ will be combined with Rahway Steel Drum, Novvia’s existing New Jersey-based subsidiary, which was acquired in December 2022. Novvia is backed by the investment firm Kelso & Company.

Founded in 2018, JWJ is a supplier of packaging and shipping materials, including a wide selection of steel and plastic drums, intermediate bulk containers (IBCs), shipping materials, and other accessories.

St. Louis, Missouri-based Novvia Group provides packaging solutions and customized services for the global rigid container and life sciences sectors. Its subsidiary companies include: Inmark, C.L. Smith, Silver Spur, Container Supply, Fox Valley, Rhino Container, Novvia Canada, Southern Container, Duval Container, Rios Containers, Auberst, Innovative Container, Rahway Steel Drum, Northern Container, Ocean State Packaging, and JWJ.

 

 

 

 

 

ArticleEditorial
novvia group
ArticleEditorial
novvia group

The Latest

everstream chart of number of containerships off east coast ports
Article

East Coast ports work through hefty backlog of containers

chip cooling plate from Mikros Technologies
Article

Jabil says acquisition cools off the hot chips behind cloud and AI

Logistics activity expanded in September
Featured

Logistics activity expanded in September

logo images of ILA union and USMX dockworkers ports
Article

Strike ends: East Coast dockworkers return to work

More Stories

team collaborating on data with laptops

Gartner: data governance strategy is key to making AI pay off

Supply chain planning (SCP) leaders working on transformation efforts are focused on two major high-impact technology trends, including composite AI and supply chain data governance, according to a study from Gartner, Inc.

"SCP leaders are in the process of developing transformation roadmaps that will prioritize delivering on advanced decision intelligence and automated decision making," Eva Dawkins, Director Analyst in Gartner’s Supply Chain practice, said in a release. "Composite AI, which is the combined application of different AI techniques to improve learning efficiency, will drive the optimization and automation of many planning activities at scale, while supply chain data governance is the foundational key for digital transformation.”

Keep ReadingShow less

Featured

Survey: In-store shopping sentiment up 21%
Featured

Survey: In-store shopping sentiment up 21%

PMA Screen Shot 2023-04-07 at 4.41.00 PM.png
Article

Ports of Los Angeles and Long Beach close in flashback to 2015 dockworker strike

Three steps toward safer loading docks
Article

Three steps toward safer loading docks

Forklift made of grass
Featured

California forges ahead with zero-emission forklift rule

manufacturing job growth in US factories

Savills “cautiously optimistic” on future of U.S. manufacturing boom

The U.S. manufacturing sector has become an engine of new job creation over the past four years, thanks to a combination of federal incentives and mega-trends like nearshoring and the clean energy boom, according to the industrial real estate firm Savills.

While those manufacturing announcements have softened slightly from their 2022 high point, they remain historically elevated. And the sector’s growth outlook remains strong, regardless of the results of the November U.S. presidential election, the company said in its September “Savills Manufacturing Report.”

Keep ReadingShow less
dexory robot counting warehouse inventory

Dexory raises $80 million for inventory-counting robots

The British logistics robot vendor Dexory this week said it has raised $80 million in venture funding to support an expansion of its artificial intelligence (AI) powered features, grow its global team, and accelerate the deployment of its autonomous robots.

A “significant focus” continues to be on expanding across the U.S. market, where Dexory is live with customers in seven states and last month opened a U.S. headquarters in Nashville. The Series B will also enhance development and production facilities at its UK headquarters, the firm said.

Keep ReadingShow less
container cranes and trucks at DB Schenker yard

Deutsche Bahn says sale of DB Schenker will cut debt, improve rail

German rail giant Deutsche Bahn AG yesterday said it will cut its debt and boost its focus on improving rail infrastructure thanks to its formal approval of the deal to sell its logistics subsidiary DB Schenker to the Danish transport and logistics group DSV for a total price of $16.3 billion.

Originally announced in September, the move will allow Deutsche Bahn to “fully focus on restructuring the rail infrastructure in Germany and providing climate-friendly passenger and freight transport operations in Germany and Europe,” Werner Gatzer, Chairman of the DB Supervisory Board, said in a release.

Keep ReadingShow less
containers stacked in a yard

Reinke moves from TIA to IANA in top office

Transportation industry veteran Anne Reinke will become president & CEO of trade group the Intermodal Association of North America (IANA) at the end of the year, stepping into the position from her previous post leading third party logistics (3PL) trade group the Transportation Intermediaries Association (TIA), both organizations said today.

Reinke will take her new job upon the retirement of Joni Casey at the end of the year. Casey had announced in July that she would step down after 27 years at the helm of IANA.

Keep ReadingShow less
Copyright ©2024.