Melbourne, Australia — Australian packaging company Orora Ltd. has finalized its purchase of U.S.-based Register Print Group.
Melbourne-based, publicly listed Orora announced late last year it would pay US$44 million for Clifton, N.J.-based Register, which provides point-of-purchase (POP) retail display solutions to “blue-chip retailers and brand owners” in the United States.
In a statement, Orora said it would pay an extra US$3 million to reimburse the vendors for recent capital investments.
It said Register has long-standing customer relationships with large corporate clients mainly in the consumer and technology sectors, including telecoms, retail, beverages and cosmetics.
Register provides “the full POP value chain” from concept development and design to digital printing on multi-substrates and manufacturing.
Orora said family-owned Register has been established for more than 40 years.
Orora Managing Director and CEO Nigel Garrard said: “This acquisition [is] a positive step in executing Orora's stated growth strategy in the North American POP segment. It expands Orora's footprint into the Northeast, strengthening our ability to service national corporate customers across multiple locations.
“Register is a high-quality addition to Orora's existing Dallas-based IntegraColor POP business. Synergies of [more than] US$1.5 million are expected to be realized in the first two-three years through improved purchasing and integration of back office services.”
Orora was launched in late 2013 as a demerger spin-off company from Melbourne-based, publicly listed flexible and rigid plastic packaging giant Amcor Ltd.
Orora's product range includes rigid and flexible plastic packaging, caps and closures, corrugated boxes, folding cartons, recycled paper linerboard, glass bottles and jars, multiwall paper sacks, aluminium beverage cans and bulk bags.
In July 2014, Orora bought San Antonio, Texas-based plastic packaging distribution business Worldwide Plastics Co.
Worldwide supplies packaging trays to food and produce companies in the U.S., Mexico and Canada. Its custom and stock containers are made from 80 to 100 percent recycled PET from post-consumer bottles.
It has seven manufacturing sites across U.S., Canada, Mexico and Asia.