Core Insights - The Abbe Group has announced the acquisition of Oji Fibre Solutions' operations in Australia, which is expected to strengthen its position in the Australian corrugated packaging market [1][2] - The deal includes Oji's corrugated operations in Queensland, New South Wales, and Victoria, as well as Oji Cardboard Carton Solutions and regional distribution facilities [2] - The completion of the transaction is anticipated on November 1, 2025 [2] Company Statements - Oji Fibre Solutions' chairman Jon Ryder emphasized that this acquisition is part of their transformation towards a more stable and sustainable business model, allowing them to focus on core operations in New Zealand [3] - The Abbe Group described the acquisition as a "major milestone" that will enhance its infrastructure and service reach, expressing enthusiasm for the future collaboration with the Oji team [3]
Abbe Group to acquire Oji Fibre Solutions’ Australian operations
Yahoo Finance·2025-10-06 14:04