Orora registers an acquisition

Wilson Asset Management

On Thursday, packaging company Orora Limited (ASX: ORA) announced it had signed a definitive agreement to acquire The Register Print Group for US$44 million (approximately AUD$59 million). Register Print is a full-service provider of point-of-purchase retail display products and sells to blue-chip retailers and brand owners in the US. In addition, Orora has agreed to reimburse the vendors for recent growth capital investments totalling US$3 million. We believe this acquisition will benefit the company’s US growth strategy. Shares in Orora closed up 5% for the week. We own Orora in the WAM Capital, WAM Leaders and WAM Active portfolios.


About this contributor

Wilson Asset Management

Wilson Asset Management

, Fund Manager

Established in 1997 by Geoff Wilson, we are an independently owned investment manager based in Sydney. Today, Wilson Asset Management is comprised of eight investment professionals who offer a combined investment experience of almost 100 years.

Expertise

ASX:ORA ASX:WAM ASX:WLE ASX:WAA

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