Veritiv's Strategic Acquisition of Orora Packaging Solutions Enhances Service Offerings

Veritiv's Acquisition of Orora Packaging Solutions

In a significant move to enhance its market reach and product offerings, Veritiv Operating Company has successfully completed the acquisition of Orora Packaging Solutions (OPS). This acquisition marks a pivotal moment for Veritiv as it expands its capabilities in the specialty packaging sector, aiming to provide superior services to its customers.

The acquisition process began with a binding agreement announced on September 3, 2024. During a recent press statement, Veritiv’s CEO, Sal Abbate, emphasized that this acquisition aligns perfectly with their goals of innovation and sustainability. He stated, "Together, Veritiv and OPS will leverage our shared commitment to innovation, sustainability, and exceptional customer experiences to offer a wider range of specialty packaging products and value-added solutions."

With OPS joining the Veritiv family, the combined strengths of both companies promise to facilitate better service delivery. Veritiv aims to utilize its significant scale and resources to address complex supply chain challenges faced by their customers. Sal Abbate expressed enthusiasm about welcoming nearly 3,000 OPS employees and leveraging their expertise.

Kelly Barlow, the President of OPS, expressed optimism about the acquisition, noting, "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." The synergy between the two companies is expected to foster a collaborative environment, allowing them to thrive in a competitive landscape.

This acquisition is not an isolated move for Veritiv. The company has previously acquired several firms, including Vivabox Solutions and AmeriPac, which underscores its dedication to broadening its design and delivery capabilities. Each acquisition has contributed to Veritiv’s goal to emerge as a leading provider in North America’s specialty packaging distribution segment.

The financing for this substantial acquisition was managed through Veritiv’s existing lender group, which includes prominent financial institutions like Goldman Sachs Bank USA and Wells Fargo. The financial advisory roles were held by respected firms like Goldman Sachs Co. LLC and Morgan Stanley Co. LLC, ensuring a smooth transaction process.

About Veritiv

Headquartered in Atlanta, Veritiv Operating Company is renowned for being a full-service provider of packaging solutions. Besides packaging, Veritiv also supplies janitorial and sanitation products, hygiene, and publishing services targeted at a diverse clientele in North America and beyond. Its recent acquisition of Orora Packaging Solutions strengthens its distribution network, mainly concentrated in the U.S. and Mexico, and reflects its commitment to enhancing customer success.

For those interested in exploring Veritiv's various business endeavors, additional information is readily available on their official website www.veritiv.com.

By strategically expanding through acquisitions, Veritiv is poised to not only meet but exceed the ever-evolving demands of customers in the packaging industry, ensuring continued growth and innovation in their services.