# Nippon Paper completes $1.72B acquisition of Orora Fibre, forming Opal

Nippon Paper Industries completed its $1.72 billion acquisition of the Orora Fibre Businesses, which were combined with Australian Paper to form Opal, Australasia's newest fibre packaging and paper company. The launch was announced on 1 May 2020.

- Type: Acquisition
- Announced: 2020-05-01
- Where: Australia
- Value: $1.72B
- Status: completed
- Products: fibre packaging, paper
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Nippon Paper Industries](https://endata.com/companies/5655.md) (acquirer)
- [Orora Fibre Businesses](https://endata.com/companies/6437.md) (target)

## Sources

- [opalanz.com](https://opalanz.com/news/opal-is-now-open-for-business/), 2020-05-01: "Nippon Paper Industries confirmed it had successfully completed its $1.72 billion acquisition of the Orora Fibre Businesses"

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