Australian packaging market leader Orora is still firmly on the acquisition trail, announcing its latest purchase of New Jersey, US-based The Register Print Group for US$44.0 million (approximately A$59 million).
Described as a “high quality addition” to the group's Dallas-based IntegraColor POP business, Register is a full service provider of point of purchase (POP) retail display solutions to blue-chip retailers and brand owners in the US. Its customer base spans large corporates mainly across the consumer and technology sectors (including telecoms, retail, beverage and cosmetics).
Orora MD and CEO Nigel Garrard told PKN the acquisition gives the group access to leading edge POP technology from the US market.
“We would hope to leverage this expertise and capability in the fullness of time for customers here in the Australian and New Zealand market,” he said.
“This latest acquisition reflects Orora's ongoing commitment to investing in packaging and printing innovation to drive growth,” he said.
“We hear a lot about foreign companies investing in Australian business, so I think its good to see an Australian business finding opportunities in international markets and making these investments that will bring new technology and innovation into the business, and ensure it remains globally competitive," Garrard said.
"Register’s creative, design-led approach complements Orora’s total packaging solutions capability.
“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 said.
Register services the full POP value chain – providing customers with concept development, design, high quality/digital printing on multi substrates, manufacture and fulfilment services.
