Veritiv Announces Agreement to Acquire Orora Packaging Solutions

Core Insights - Veritiv has entered into a binding agreement to acquire Orora Packaging Solutions, enhancing its position in the North American specialty packaging distribution market [1][5] - The acquisition aims to combine the strengths of both companies, focusing on innovation, sustainability, and customer experience [2][3] - The transaction is expected to be completed in the fourth quarter of 2024, pending regulatory approvals [5] Company Overview - Veritiv Corporation is a full-service provider of packaging, jan-san, hygiene products, and print solutions, with a strong presence in North America and globally [8] - Orora Packaging Solutions, headquartered in Buena Park, CA, is recognized for its sustainable and innovative packaging solutions, operating nearly 70 facilities and employing approximately 3,000 people [7] Strategic Implications - The merger is anticipated to create a more agile organization, enhancing the value delivered to customers through a broader product range and improved services [2][4] - Both companies share a customer-centric approach, which will be strengthened by their combined capabilities and focus on sustainability [4]