Orora registers an acquisition
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.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...