January 29, 2026 11:27

US-based Novolex has sold three European thermoformed packaging plants, operated by its subsidiary Waddington Europe, to the Enact fund of private equity firm Endles.

The transaction covers two companies—Par-Pak Europe and Holfeld Plastics—which operate jointly as Waddington Europe in the United Kingdom, with sites in Milton Keynes and Bridgwater, and in Ireland, at Arklow.
The business employs more than 300 people and generates turnover of around £66 million, equivalent to approximately €76 million.

The three sites produce thermoformed packaging for food, pet food and medical applications. Key customers include major supermarket chains and foodservice operators in the UK and across Europe.

“Waddington Europe has developed long-standing partnerships with key customers and suppliers. We are excited to support management with their plans to build on these relationships,” said Kiran Reddy, Enact associate director in Manchester, who led the transaction.

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