Nippon Paper Industries completes acquisition of Orora's business in Australia/New Zealand
May 1, 2020
AUSTRALIA (News release) -- Nippon Paper Industries Co., Ltd. and Paper Australia Pty Ltd ("Australian Paper"), a wholly owned subsidiary of Nippon Paper Industries, complete the purchase of Orora Limited's paperboard and fibre-based packaging business in Australia/New Zealand.
The business is incorporated into a new trading entity, and together with Australian Paper, will form the "Opal" group of companies. Leveraging its unique business model, Opal will expand the packaging solution business from upstream (manufacturing/converting of renewable packaging products) to downstream (packaging-related materials and associated services) to wide range customers in Oceania and the global market.
Nippon Paper Industries will appoint its Director Mr. Masanobu Iizuka as the CEO of Opal effective June 25, 2020.