Orora Limited acquires Texas based packaging distributor Bronco

Orora Limited has acquired Bronco Packaging Corporation (Bronco) for USD$24 million as part of the continued growth of the Orora Packaging Solutions (OPS) business in North America.

Orora’s products portfolio include glass bottles, aluminium cans, closures and caps, boxes and cartons, point-of-purchase displays, packaging equipment, recycled paper, bags and sacks, rigid packaging, flexible packaging and general packaging materials and supplies.

Source:www.ororagroup.com

Based Dallas, Bronco serves corporate accounts in the fresh food manufacturing industry. The company provides an ‘on-demand’ packaging delivery service to customers predominantly located in Texas. The Company, which generates revenues in excess of USD$50 million, will continue to lead the business for a period of at least three years.

Orora Managing Director and CEO, Mr Nigel Garrard, said: “The acquisition of Bronco aligns with Orora’s stated returns focussed approach to allocating capital and will expand OPS’s geographic footprint and product capability in the targeted, higher growth food sector.”

“Bronco also brings to Orora a strong corporate customer base that complements OPS’s existing corporate customer list. The acquisition continues the strategic focus to leverage the existing national footprint, product breadth and customised packaging solutions offering to further drive sales growth from both corporate accounts and new customer wins.

“Importantly, Bronco and OPS are already well known to each other and this will assist the integration of the two businesses as well as the achievement of expected synergies in procurement, supply chain and back office functions over the next 1-2 years,” Mr Garrard said.