TEXAS (News release) -- Orora Limited has acquired Pollock Packaging for $80.5 million. The acquisition represents a multiple of 8.7 times trailing earnings before interest, tax, depreciation and amortisation (EBITDA).
The addition of Pollock to the Orora Packaging Solutions (OPS) business in North America, increases OPS's geographic presence across several states and enhances the existing customer offering, particularly in the growing facility supplies market segment. Pollock also operates a corrugated box manufacturing plant and in-house packaging design service in Dallas, Texas.
Pollock is a market leading provider of packaging and facility supplies, headquartered in Texas, America's second largest and fastest growing state economy. In addition to 6 distribution centers located throughout Texas, Pollock has distribution centers in Georgia, North Carolina, New Jersey and California.