{"id":2083,"date":"2024-09-04T04:15:11","date_gmt":"2024-09-04T08:15:11","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=2083"},"modified":"2024-09-04T04:15:11","modified_gmt":"2024-09-04T08:15:11","slug":"veritiv-to-acquire-orora-packaging-solutions","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=2083","title":{"rendered":"Veritiv to acquire Orora Packaging Solutions"},"content":{"rendered":"


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Completion is forecast for Q4 2024. Credit: JHVEPhoto via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Veritiv<\/a>, a US-headquartered speciality packaging distribution company, has announced a binding agreement to acquire Orora<\/a> Packaging Solutions (OPS).\u00a0<\/p>\n

The financial terms of the agreement remain undisclosed.\u00a0<\/p>\n

With headquarters in Buena Park, California, OPS is also a North American packaging and distribution business.\u00a0\u00a0<\/p>\n

The company operates nearly 70 distribution and manufacturing facilities and employs roughly 3,000 people.\u00a0<\/p>\n

This strategic move is set to bolster Veritiv\u2019s position as a distributor of value-added speciality packaging products and solutions in North America.\u00a0<\/p>\n

Veritiv CEO Sal Abbate said: \u201cThe combination of Veritiv and Orora Packaging Solutions will significantly enhance the value we deliver to our customers.\u00a0<\/p>\n

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