Veritiv Completes Acquisition of Orora Packaging Solutions

Veritiv Operating Company, a leader in specialty packaging distribution, today announced it has completed its acquisition of Orora Packaging Solutions (OPS). 1

On September 3, 2024 , Veritiv announced it had entered into a binding agreement with Orora (ASX: ORA) to acquire their North American packaging and distribution business Orora Packaging Solutions.

"The completion of this acquisition is the next step in enhancing the value we are able to deliver to customers," said Sal Abbate , Chief Executive Officer of Veritiv. "Together, Veritiv and OPS will leverage our shared commitment to innovation, sustainability, and exceptional customer experiences, to offer an even wider range of specialty packaging products and value-added solutions. Our unparalleled size and scale position us to best meet our customers' most complex supply chain needs. We look forward to welcoming OPS' nearly 3,000 talented employees, loyal customers, and trusted suppliers, and collaborating as one unified team to continue delivering innovative and sustainable products and services to our customers today – and into the future."

"Our team is excited for the opportunities ahead to partner with Veritiv and I am confident we will be better together for our customers, our suppliers, and our employees," said Kelly Barlow , President of OPS. "Our complementary visions, strategies and core values make this partnership a natural fit. The addition of OPS to Veritiv's packaging distribution platform will provide an even more compelling customer offering and significant value creation potential."

In addition to OPS, recent acquisitions of Vivabox Solutions, AmeriPac, and PAX Global underscore Veritiv's dedication to enhancing its design to delivery capabilities in the specialty packaging distribution sector, and further position the company as the leading provider in North America .

Advisors and Financing
Veritiv obtained financing from its existing lender group – including BMO Capital Markets Corp, Goldman Sachs Bank USA , RBC Capital Markets, LLC, UBS Investment Bank, Wells Fargo, BNP Paribas, Citizens Bank, N.A., ING Capital LLC, Mizuho Bank , Ltd., Natixis Corporate & Investment Banking, Rabobank, Regions Securities LLC, Stifel, TD Securities, and The Bank of Nova Scotia ("Scotiabank") – as well as Morgan Stanley. Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC served as lead financial advisors to Veritiv, and BMO Capital Markets Corp, RBC Capital Markets, LLC, and Wells Fargo also served as financial advisors. Kirkland & Ellis LLP and Debevoise & Plimpton LLP served as legal counsel to Veritiv.

About Veritiv

Headquartered in Atlanta , Veritiv Operating Company is a leading full-service provider of packaging solutions. Additionally, Veritiv provides JanSan, hygiene, print and publishing products and services. Serving customers in a wide range of industries both in North America and globally, Veritiv and its recent acquisition of Orora Packaging Solutions have distribution centers primarily in the U.S. and Mexico , with additional resources and team members around the world helping shape the success of its customers. For more information about Veritiv and its business segments visit www.veritiv.com .

________________________________

1 Orora Packaging Solutions includes Orora Visual

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/veritiv-completes-acquisition-of-orora-packaging-solutions-302329512.html

SOURCE Veritiv Operating Company

News Provided by PR Newswire via QuoteMedia

ORA:AU
The Conversation (0)
Revolve Renewable Power (TSXV:REVV)

Revolve Receives Approval from the Alberta Utilities Commission for the 15.7 MW Bright Meadows Solar Project

Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) ("Revolve" or the "Company"), a North American owner, operator and developer of renewable energy projects, is pleased to announce that its wholly-owned subsidiary, Revolve Meadows Solar GP Inc., has received Power Plant Approval (Decision 29985-D01-2025) from the Alberta Utilities Commission (the "AUC") for the 15.7 MW Bright Meadows Solar Project ("Bright Meadows Project").

Located in in the County of Wetaskiwin, Alberta, approximately 80 km south of Edmonton, the Bright Meadows Project is a 15.7 MW solar power project that will generate enough renewable electricity to power more than 3,700 homes once operational. The project incorporates agrivoltaics to optimize solar energy production while preserving the agricultural value of the land. This innovative model minimizes land impact and supports long-term sustainability for rural communities.

Keep reading...Show less
Homerun Resources Inc. Announces Updated Offtake Agreement with Brasil Fotovoltaico for the Supply of High-Quality Solar Glass

Homerun Resources Inc. Announces Updated Offtake Agreement with Brasil Fotovoltaico for the Supply of High-Quality Solar Glass

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the Company has updated and signed a non-binding offtake agreement with Brasil Fotovoltaico Ltda. ("BRFV"). Under the offtake agreement, Homerun will supply BRFV with a minimum annual volume of 180 thousand tonnes of solar glass manufactured by the Company in Belmonte, Bahia, Brazil. The initial price for the solar glass is set at USD 750 per tonne, Free on Board (FOB) the Homerun facility.

"This updated offtake agreement aligns with the plan to have the full initial capacity of the Homerun solar glass plant covered by offtake agreements with Brazilian operators. Homerun has now announced 300 thousand tonnes of solar glass offtake and based on current ongoing discussions for increased and new offtakes, that number is expected to grow to 450 thousand tonnes which will exceed the modeled 1000 tonne per day plant capacity. This offtake process continues to confirm Homerun's position as the go-to supplier for solar glass in Brazil. Homerun has drawn the attention of both existing and future solar module manufacturers in Brazil and upon the completion of the BFS, the Company will formalize these offtake agreements to remove market risk and to facilitate further CAPEX streams to finance the building of the facility," stated Armando Farhate, COO of Homerun.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Completion of Non-Renounceable Pro-Rata Entitlement Offer

Completion of Non-Renounceable Pro-Rata Entitlement Offer

Carbonxt Group (CG1:AU) has announced Completion of Non-Renounceable Pro-Rata Entitlement Offer

Download the PDF here.

Homerun Resources Inc. Signs Binding LOI for the Acquisition of Additional Mineral Rights in the Santa Maria Eterna Silica Sand District

Homerun Resources Inc. Signs Binding LOI for the Acquisition of Additional Mineral Rights in the Santa Maria Eterna Silica Sand District

News Release Highlights:

  • Homerun has now secured ownership and supply agreements covering the entire Santa Maria Eterna Silica Sand District.
  • The new Pedreiras concession is fully permitted with a low royalty rate of R$ 30.17 per extracted tonne.
  • The Pedreiras concessions have been drilled to a depth of 8 metres with a 32 million tonne resource filed at the Agência Nacional de Mineração (ANM).
  • The Company's target resource under the three CBPM Lease acquisitions now exceeds 200 million tonnes.

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce it has signed a binding Letter of Intent (LOI) with Pedreiras do Brasil S.A. ("Pedreiras") a company controlled by Vitoria Stone, dated September 10, 2025, securing the rights to exploit the Pedreiras mining tenement (871.7212021, 246.36 hectares) at the Santa Maria Eterna Silica Sand District in the municipality of Belmonte, Bahia, Brazil, granted under a lease agreement with Companhia Bahiana de Pesquisa Mineral (CBPM).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
CG1O: Security Class Suspension from Quotation

CG1O: Security Class Suspension from Quotation

Carbonxt Group (CG1:AU) has announced CG1O: Security Class Suspension from Quotation

Download the PDF here.

Latest Press Releases

Related News