Veritiv Announces Agreement To Acquire Orora Packaging Solutions Atlanta, Georgia based Veritiv, a specialty packaging dis- tributor, announced it has entered into an agreement with Orora to acquire the North American packaging and dis- tribution business Orora Packaging Solutions (OPS). This strategic acquisition will help further position Veritiv as a leading provider of value-added products and solutions in specialty packaging distribution in North America. “The combination of Veritiv and Orora Packaging Solutions will significantly enhance the value we deliver to our customers,” said Sal Abbate, Chief Executive Of- ficer of Veritiv. “By uniting two successful players with a shared commitment to innovation, sustainability, and ex- ceptional customer experiences, we are poised to offer a wide range of products and value-added solutions that meet even the most complex packaging and supply chain needs. “Our complementary business strategies and core values make this partnership a natural fit, and I am con- fident the integration will create a stronger, more agile organization that sets new standards for excellence. We are excited to bring together the talented employees, loy- al customers, and trusted suppliers of both Veritiv and Orora Packaging Solutions, and we look forward to col- laborating as one unified team.”
Veritiv said the acquisition underscores its dedication to enhancing its capabilities in the specialty packaging distri- bution sector, enabling them to continue providing innova- tive, sustainable, and value-added solutions. “OPS has earned an exceptional reputation for the quali- ty of our service offering to customers in the North America market across our manufacturing, visual display and dis- tribution businesses,” said Kelly Barlow, President of OPS. “The addition of OPS to Veritiv’s packaging distribution platform will provide an even more compelling customer offering and significant value creation potential. Both com- panies have a customer-centric approach, which will be un- derpinned by a combined broad-based footprint, enhanced design and value-added services, and a laser focus on sus- tainability. We look forward to partnering with Veritiv to sig- nificantly enhance the value we deliver for our customers together.” “Today’s announcement represents a significant new era for the OPS business as it transitions to Veritiv owner- ship. We are extremely proud of the way the OPS team has grown the business while part of the Orora Group and be- lieve this is an exciting opportunity to join an industry leader in the North American packaging distribution market with differentiated capabilities,” said Brian Lowe, Orora Manag- ing Director and Chief Executive Officer. The transaction is subject to regulatory approvals and closing conditions and is expected to be completed in the fourth quarter of 2024.
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September 16, 2024
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