Apollo funds complete acquisition of majority stake in novolex

New york, april 13, 2022 (globe newswire) -- apollo (nyse: apo) today announced that funds managed by apollo affiliates (the “apollo funds”) have completed the acquisition of a majority stake in novolex holdings llc (“novolex” or the “company”), a leading global manufacturer of diverse and sustainable packaging products for the foodservice, delivery and carryout, food processor and industrial markets, from funds managed by carlyle (nasdaq: cg). carlyle will retain a minority stake in the company.
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