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12/2024100%

Orora Packaging Solutions acquired by Veritiv Corporation

UNITED STATES Chemicals & Materials / Packaging & Containers EV $1–10bn

Context

Veritiv Operating Company has successfully completed the acquisition of Orora Packaging Solutions (OPS) from Orora Limited (ASX: ORA). This landmark transaction represents a major step in Veritiv’s consolidation strategy within the North American packaging sector. The deal allows Veritiv to integrate OPS' extensive distribution network and its nearly 3,000 employees into a unified specialty packaging platform. The strategic rationale for the acquisition is to enhance the combined entity's geographic footprint, particularly in the U.S. and Mexico, and to broaden the range of value-added solutions offered to customers with complex supply chain requirements. For the seller, Orora Limited, the divestiture allows for a strategic refocusing on its core beverage packaging business while significantly strengthening its balance sheet. The transaction was supported by a large syndicate of international lenders, underscoring the market's confidence in the combined group’s scale and synergy potential. This acquisition further solidifies Veritiv’s position as the leading specialty packaging distributor in North America.

Orora Packaging Solutions, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.

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Target

Orora Packaging Solutions (OPS) is a premier North American provider of custom packaging solutions and supply chain services. Operating as the North American division of Australia-based Orora Limited, the company maintains a robust industrial footprint with distribution centers primarily across the United States and Mexico. Its business model integrates structural packaging design, automated equipment solutions, and sustainable material sourcing to serve complex supply chain needs. OPS employs nearly 3,000 professionals and focuses on value-added services such as kitting, assembly, and just-in-time inventory management. The company’s value proposition is built on technical expertise in specialty packaging, helping customers across diverse industrial and consumer sectors optimize their logistical efficiency while reducing their environmental impact. By the time of its divestiture, OPS had established itself as a top-tier distributor with a strong reputation for innovation and customer experience in the North American market.

Ent. Value

$1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2023
$1–10bn
$100–200M
[members only]
2022
$1–10bn
$100–200M
[members only]

Other operations with Veritiv Corporation

Other operations with Veritiv Corporation
DateAcquirerTargetCountrySector
11/2023CLAYTON, DUBILIER & RICE (CD&R)VERITIV CORPORATIONUNITED STATESPackaging & Containers

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REFERENCES

Valuation range: EV $1–10bn

Revenue range: $1–10bn

EBITDA range: $100–200M

EV/Revenue range: below 1.5x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Orora Packaging Solutions by Veritiv Corporation are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: orora packaging solutions

FAQ

What transaction does this page cover?

This page covers Veritiv Corporation’s acquisition of 100% of Orora Packaging Solutions, an American company specialised in Packaging & Containers, in 2024.

How was the acquisition of Orora Packaging Solutions by Veritiv Corporation valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the $1–10bn band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the below 1.5x range. Exact figures are available to members.

What were Orora Packaging Solutions’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Orora Packaging Solutions generated annual revenue estimated in the $1–10bn range and EBITDA in the $100–200M bracket (FY 2023). Detailed financial figures are available to members.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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