Australian packaging solutions firm Orora to acquire The Register Print Group
(Hawthron, Vic., Australia, Dec. 16, 2016) Orora Limited has signed a definitive agreement to acquire The Register Print Group for $44 million (approximately A$59 million). The acquisition represents a multiple of 5.8 times last 12 months EBITDA. In addition, Orora has agreed to reimburse the vendors for recent growth capital investments totalling $3 million. The transaction is expected to complete in January 2017.
Register is a full-service provider of point of purchase (POP) retail display solutions to blue-chip retailers and brand owners in the US.
Orora’s Managing Director and CEO, Nigel Garrard, said “This acquisition represents a positive step in executing Orora’s stated growth strategy in the North American POP segment. It expands Orora’s footprint into the North East, strengthening our ability to service national corporate customers across multiple locations.”
Orora Limited is a leader in innovative packaging solutions, employing 6,200 people across 127 sites in seven countries.
To know more Go To: https://www.ororagroup.com (Source: press release)