# Veritiv to acquire Orora Packaging Solutions North American business

Veritiv, a specialty packaging distributor, entered a binding agreement with Orora (ASX: ORA) to acquire its North American packaging distribution and manufacturing business, Orora Packaging Solutions. The deal would strengthen Veritiv's specialty packaging distribution platform in North America. The value was not stated in the excerpt.

- Type: Acquisition
- Announced: 2024-09-03
- Where: North America, United States
- Value: $1.19B (1.78B AUD)
- Status: announced
- Products: specialty packaging, packaging distribution, visual display products
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Clayton Dubilier & Rice](https://endata.com/companies/530.md) (investor)
- [Orora](https://endata.com/companies/992.md) (partner)
- [Veritiv](https://endata.com/companies/3951.md) (acquirer)
- [Orora Packaging Solutions](https://endata.com/companies/10841.md) (target)

## Sources

- [ir.veritiv.com](https://ir.veritiv.com/newsroom/Press-Release-Details/2024/Veritiv-Announces-Agreement-to-Acquire-Orora-Packaging-Solutions/default.aspx), 2024-09-03: "Veritiv, a leader in specialty packaging distribution, announced today it has entered into a binding agreement with Orora (ASX: ORA) to acquire the North American packaging and distribution business Orora Packaging Solutions (OPS) 1."
- [reuters.com](https://www.reuters.com/business/australias-orora-sell-north-american-packaging-arm-cdr-backed-veritiv-2024-09-03/), 2024-09-03: "said on Wednesday it would sell its North American packaging business to U.S. private equity firm Clayton, Dubilier & Rice-backed Veritiv"
- [ororagroup.com](https://www.ororagroup.com/news/title), 2024-09-04: "Orora Limited (“Orora”) is pleased to announce that it has entered into a binding agreement to sell Orora Packaging Solutions (“OPS”) to Veritiv Corporation"
- [akm.ru](https://www.akm.ru/eng/news/australia-s-orora-sells-orora-packaging-solutions-for-1-2-billion/), 2024-10-06: "Orora Limited, an Australian packaging materials company, has entered into a legally binding agreement to sell Orora Packaging Solutions (OPS) to investment company Veritiv Corp."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.