Veritiv Completes Acquisition of Orora Packaging Solutions
Veritiv Operating Company has completed its acquisition of Orora Packaging Solutions (OPS), following their binding agreement announced on September 3, 2024. The acquisition brings nearly 3,000 OPS employees under Veritiv's umbrella, strengthening their position in specialty packaging distribution. CEO Sal Abbate emphasized that the merger will enhance customer value through expanded specialty packaging products and value-added solutions.
This acquisition follows Veritiv's recent purchases of Vivabox Solutions, AmeriPac, and PAX Global, demonstrating their commitment to expanding their design-to-delivery capabilities in the specialty packaging distribution sector. The company secured financing from multiple leading financial institutions, with Goldman Sachs & Co. and Morgan Stanley & Co. serving as lead financial advisors.
Veritiv Operating Company ha completato l'acquisizione di Orora Packaging Solutions (OPS), a seguito dell'accordo vincolante annunciato il 3 settembre 2024. L'acquisizione integra quasi 3.000 dipendenti di OPS sotto l'ombrello di Veritiv, rafforzando la loro posizione nella distribuzione di imballaggi specializzati. Il CEO Sal Abbate ha sottolineato che la fusione aumenterà il valore per i clienti attraverso l'espansione dei prodotti di imballaggio specializzati e delle soluzioni a valore aggiunto.
Questa acquisizione segue gli acquisti recenti di Veritiv di Vivabox Solutions, AmeriPac e PAX Global, dimostrando il loro impegno nell'espandere le capacità di design-to-delivery nel settore della distribuzione di imballaggi specializzati. L'azienda ha ottenuto finanziamenti da diverse importanti istituzioni finanziarie, con Goldman Sachs & Co. e Morgan Stanley & Co. che fungono da consulenti finanziari principali.
Veritiv Operating Company ha completado su adquisición de Orora Packaging Solutions (OPS), tras el anuncio de su acuerdo vinculante el 3 de septiembre de 2024. La adquisición incorpora a casi 3,000 empleados de OPS bajo el ala de Veritiv, fortaleciendo su posición en la distribución de envases especializados. El CEO Sal Abbate enfatizó que la fusión mejorará el valor para los clientes a través de una ampliación de productos de envases especializados y soluciones de valor añadido.
Esta adquisición sigue a las recientes compras de Veritiv de Vivabox Solutions, AmeriPac y PAX Global, demostrando su compromiso con la expansión de sus capacidades de diseño a entrega en el sector de la distribución de empaques especializados. La empresa aseguró financiamiento de múltiples instituciones financieras líderes, con Goldman Sachs & Co. y Morgan Stanley & Co. actuando como asesores financieros principales.
Veritiv Operating Company는 2024년 9월 3일 발표된 바인딩 계약에 따라 Orora Packaging Solutions (OPS)의 인수를 완료했습니다. 이번 인수로 거의 3,000명의 OPS 직원이 Veritiv의 체계에 합류하게 되어, 전문 포장 유통에서의 입지가 강화되었습니다. CEO 살 아바테는 이번 인수가 전문 포장 제품과 부가가치 솔루션을 확대함으로써 고객 가치를 높일 것이라고 강조했습니다.
이번 인수는 Veritiv가 Vivabox Solutions, AmeriPac, PAX Global을 최근 인수한 것에 이어 발생하여, 전문 포장 유통 부문에서 디자인부터 배달까지의 역량을 확장하려는 의지를 보여줍니다. 이 회사는 여러 주요 금융 기관으로부터 자금을 확보했으며, Goldman Sachs & Co.와 Morgan Stanley & Co.가 주요 금융 자문사로 활동했습니다.
Veritiv Operating Company a finalisé l'acquisition de Orora Packaging Solutions (OPS), suite à leur accord contraignant annoncé le 3 septembre 2024. L'acquisition intègre près de 3 000 employés d'OPS sous l'égide de Veritiv, renforçant ainsi leur position dans la distribution d'emballages spécialisés. Le PDG Sal Abbate a souligné que la fusion augmentera la valeur pour les clients grâce à l'élargissement des produits d'emballage spécialisés et des solutions à valeur ajoutée.
Cette acquisition fait suite aux récents achats de Veritiv tels que Vivabox Solutions, AmeriPac, et PAX Global, démontrant leur engagement à développer leurs capacités de conception à livraison dans le secteur de la distribution d'emballages spécialisés. L'entreprise a obtenu un financement de plusieurs grandes institutions financières, Goldman Sachs & Co. et Morgan Stanley & Co. agissant en tant que conseillers financiers principaux.
Veritiv Operating Company hat die Übernahme von Orora Packaging Solutions (OPS) abgeschlossen, nach der Bekanntgabe ihrer verbindlichen Vereinbarung am 3. September 2024. Die Übernahme bringt nahezu 3.000 OPS-Mitarbeiter unter Veritivs Dach und stärkt ihre Position im Bereich der spezialisierten Verpackungsverteilung. CEO Sal Abbate betonte, dass die Fusion den Kundenwert durch erweiterte Spezialverpackungsprodukte und wertschöpfende Lösungen steigern wird.
Diese Übernahme folgt den jüngsten Käufen von Veritiv, darunter Vivabox Solutions, AmeriPac und PAX Global, und unterstreicht ihr Engagement zur Erweiterung ihrer Design-to-Delivery-Fähigkeiten im Sektor der spezialisierten Verpackungsverteilung. Das Unternehmen sicherte sich Finanzierungen von mehreren führenden Finanzinstituten, wobei Goldman Sachs & Co. und Morgan Stanley & Co. als Hauptfinanzberater fungierten.
- Acquisition expands Veritiv's market presence with addition of 3,000 employees
- Strengthens specialty packaging product portfolio and distribution capabilities
- Enhances company's position as leading provider in North America
- Successfully secured financing from multiple major financial institutions
- None.
On September 3, 2024, Veritiv announced it had entered into a binding agreement with Orora (ASX: ORA) to acquire their North American packaging and distribution business Orora Packaging Solutions.
"The completion of this acquisition is the next step in enhancing the value we are able to deliver to customers," said Sal Abbate, Chief Executive Officer of Veritiv. "Together, Veritiv and OPS will leverage our shared commitment to innovation, sustainability, and exceptional customer experiences, to offer an even wider range of specialty packaging products and value-added solutions. Our unparalleled size and scale position us to best meet our customers' most complex supply chain needs. We look forward to welcoming OPS' nearly 3,000 talented employees, loyal customers, and trusted suppliers, and collaborating as one unified team to continue delivering innovative and sustainable products and services to our customers today – and into the future."
"Our team is excited for the opportunities ahead to partner with Veritiv and I am confident we will be better together for our customers, our suppliers, and our employees," said Kelly Barlow, President of OPS. "Our complementary visions, strategies and core values make this partnership a natural fit. The addition of OPS to Veritiv's packaging distribution platform will provide an even more compelling customer offering and significant value creation potential."
In addition to OPS, recent acquisitions of Vivabox Solutions, AmeriPac, and PAX Global underscore Veritiv's dedication to enhancing its design to delivery capabilities in the specialty packaging distribution sector, and further position the company as the leading provider in
Advisors and Financing
Veritiv obtained financing from its existing lender group – including BMO Capital Markets Corp, Goldman Sachs Bank
About Veritiv
Headquartered in
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1 Orora Packaging Solutions includes Orora Visual |
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SOURCE Veritiv Operating Company
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