Carlyle Group Reportedly In Talks To Buy Novolex

(RTTNews) - Buyout firm Carlyle Group LP (CG) is in talks to buy packaging company Novolex for a price that could exceed $2.5 billion, the wall Street Journal reported citing people familiar with the matter.

Novolex is owned by another private-equity firm, Wind Point Partners. Novolex's products include plastic bags and paper shopping bags used in grocery stores, retail shops and elsewhere in the food-services industry. Wind Point bought Novolex for an undisclosed price in 2012 when it was called Hilex Poly.

As always, the talks could fall apart and may not lead to a transaction.