Packaging supplies manufacturer and distributor Vertitiv is set to acquire the North American unit of Orora Group — Orora Packaging Solutions (OPS) — for $1.2 billion USD.

Buena Park, CA-based OPS is a unit of Australia-based Orora — a fellow manufacturer and distributor of packaging products.

OPS — a packaging and visual communications company — serves customers across the world with approximately 70 distribution and manufacturing facilities and roughly 3,000 employees.

“The combination of Veritiv and Orora Packaging Solutions will significantly enhance the value we deliver to our customers,” Veritiv CEO Sal Abbate said in a Sept. 3 news release. “By uniting two successful players with a shared commitment to innovation, sustainability and exceptional customer experiences, we are poised to offer a wide range of products and value-added solutions that meet even the most complex packaging and supply chain needs.

Atlanta, GA-based Veritiv was acquired in late 2023 by private equity firm Clayton, Dubilier & Rice for $2.3 billion. The company serves customer in North America and globally, with distribution centers thought the U.S. and Mexico.

“The addition of OPS to Veritiv’s packaging distribution platform will provide an even more compelling customer offering and significant value creation potential,” OPS President Kelly Barlow said. “Both companies have a customer-centric approach, which will be underpinned by a combined broad-based footprint, enhanced design and value-added services and a laser focus on sustainability.”

The acquisition is expected to be completed in the fourth quarter of 2024.

Veritiv was No. 4 on MDM’s Top Distributor’s List for JanSan, Packaging & Disposables.