Veritiv Completes Acquisition of Orora Packaging Solutions
Wednesday, Dec 11, 2024 5:08 pm ET
Veritiv Operating Company, a leader in specialty packaging distribution, has completed its acquisition of Orora Packaging Solutions (OPS), further solidifying its position as a leading provider in North America. The acquisition, announced on September 3, 2024, was finalized on December 11, 2024, following regulatory approvals and satisfaction of customary closing conditions.
The acquisition of OPS brings nearly 70 distribution and manufacturing facilities, enhancing Veritiv's reach and capacity. With OPS's expertise in sustainable packaging and value-added solutions, Veritiv can now offer a wider range of products, catering to more complex customer needs. This integration positions Veritiv as the leading provider in North America, with unparalleled size and scale to meet customers' most complex supply chain needs.

The combined entity's expanded product offerings and distribution network are expected to significantly enhance customer satisfaction and retention rates. With a combined product portfolio and expanded distribution network, the new entity will offer an even wider range of specialty packaging products and value-added solutions, better positioning it to meet complex supply chain needs. This expanded product offering, coupled with Veritiv's commitment to innovation, sustainability, and exceptional customer experiences, will likely lead to increased customer satisfaction and loyalty.
Veritiv's acquisition of Orora Packaging Solutions (OPS) presents an opportunity to consolidate distribution centers and optimize supply chain networks, leading to operational efficiencies. By combining Veritiv's existing distribution centers in the U.S. and Mexico with OPS's nearly 70 facilities, the merged entity can streamline logistics, reduce transportation costs, and improve inventory management. This consolidation can enhance service levels, enabling Veritiv to better meet customers' complex supply chain needs. Additionally, the integration of OPS's manufacturing capabilities can further boost Veritiv's value-added solutions, driving growth and strengthening its position as a leading specialty packaging provider in North America.
In conclusion, Veritiv's acquisition of Orora Packaging Solutions (OPS) is a strategic move that bolsters its competitive position in the specialty packaging distribution sector. The integration of OPS's product portfolio and distribution facilities, along with operational efficiencies, is expected to enhance customer satisfaction, retention rates, and overall growth. As Veritiv continues to adapt and innovate, it remains well-positioned to meet the evolving needs of its customers and maintain its status as a leading provider in North America.