Packaging giant Orora will acquire US company The Register Print Group in a deal that will see Orora gerow its footprint in America and the point-of-purchase sector.
The deal comes soon after the Melbourne-headquartered business flagged its intention to expand its geographic presence in North America. Orora says the acquisition is also part of the group’s strategic foray into the POP market.
Nigel Garrard, managing director and chief executive at Orora, says, “This acquisition represents a positive step in executing Orora’s stated growth strategy in the North American POP segment. It expands Orora’s footprint into the North East, strengthening our ability to service national corporate customers across multiple locations.”
Garrard says encouraging numbers from Orora’s global sales and Register Print Group’s revenue pushed the packaging giant to lock down the printer. He says, “With sales that have grown in excess of five per cent per annum over recent years, Register is a high quality addition to Orora’s existing Dalla-based IntegraColor POP business.”
Orora expects to realise synergies in excess of $2m in the first two or three years through improved purchasing and integration of back office services. Garrard says, “Register’s creative, design-led approach complements Orora’s total packaging solutions capability, and I look forward to welcoming Register’s team to the business.”
The New Jersey-based printer has been in operation for some 40 years, and is family-owned. It employs 100 staff – who are set to stay on board under Orora’s leadership – and operates two leased facilities.
According to Register, POP generates 90 per cent of its sales with the remainder from packaging. The companies expect to complete the acquisition by January.