Yakima Shields Bag And Printing Company To Be Sold At End Of Year
New owners will soon take over Yakima's Shields Bag and Printing Company . Novelex a portfolio company of The Carlyle Group has announced it has agreed to acquire certain assets and business operations of Shields Bag and Printing Co.
According to a press release there's lot of history at the company that was founded in 1935.
Today, Shields ranks among the leading North American producers of flexible packaging in the areas of blown film extrusion, printing, bag making and other converting processes. The release says Shields’ core focus is providing custom engineered products to a diverse group of customers across a range of end-market segments, including building and construction, food and consumer, banking and security, lawn and garden, chemicals and energy, and general industrial.
“Becoming part of Novolex™ will allow the legacy of Shields Bag and Printing and its employees to continue to grow and prosper,” said Lisa Shields, CEO of Shields. “This is an ideal fit. Novolex™ leadership is very much aligned with our principles at Shields. They are committed to employee safety and welfare, as well as the communities where they live and work. That’s very important to the Shields’ Family and it was an essential requirement for the transaction.”
The transaction is expected to close at the end of the year.