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.
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.