# Nippon Paper to acquire Orora's paperboard packaging business in Australia and New Zealand

Nippon Paper Industries signed an agreement to buy Orora Limited's paperboard packaging business in Australia and New Zealand, including the Botany paper mill, for an enterprise value of AUD 1.72 billion in cash.

- Type: Acquisition
- Announced: 2019-10-10
- Where: Matraville, New South Wales, Australia
- Value: $1.17B (1.72B AUD)
- Status: announced
- Capacity: almost 400,000 tonnes of recycled containerboard per year at Botany mill
- Products: recycled containerboard, corrugated paperboard, cartons, bags, specialty packaging, functional coatings

## Companies

- [Orora](https://endata.com/companies/992.md) (partner)
- [Nippon Paper Industries](https://endata.com/companies/5655.md) (acquirer)
- [Macquarie Capital](https://endata.com/companies/7009.md) (partner)

## Sources

- [paperage.com](https://www.paperage.com/2019news/10_10_2019nippon_paper_orora_paperboard_business.html), 2019-10-10: "Nippon Paper Industries announced that it has signed an agreement with Orora Limited to purchase Orora's paperboard fiber-based, packaging business in Australia and New Zealand"
- [sharecafe.com.au](https://www.sharecafe.com.au/2019/10/11/orora-soars-on-the-back-of-nippon-paper-sale/), 2019-10-10: "The Nippon Paper offer represents compelling value for shareholders, reflecting a full price for the Australasian Fibre Business"
- [macquarie.com](https://www.macquarie.com/au/en/insights/nippon-papers-acquisition-of-ororas-australasian-fibre-packaging-business.html), 2020-09-10: "Nippon Paper Industries Co. Ltd's acquisition of Orora's Australasian Fibre Packaging Business, creating a leading integrated paper and fibre packaging business across Australia and New Zealand."

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