Set for growth and excited by the future
Today Orora announced a strong start to FY17 with earnings up 12.3 percent to $92.1 million, and news that we are expanding our footprint in the US with two new acquisitions: The Garvey Group and Graphic Tech businesses.
The Garvey Group operates in Los Angeles and Chicago, while Graphic Tech is located in Los Angeles. They are both highly regarded businesses in the Point of Purchase (POP) market and complement Orora’s existing POP facilities in Dallas and the recently acquired New Jersey operation.
Managing Director and CEO, Nigel Garrard said both the results and acquisitions demonstrate the company’s focus on driving shareholder value and investing for future growth.
“Orora’s business has again performed strongly over the half year, delivering double digit EPS growth of 12.3%.
“At the same time, Orora continues to invest for future growth, both organically within the core business and through bolt-on acquisitions to build regional capability and scale in North America. The latest acquisitions are a further example of the expanding POP footprint in the US which will enable the Orora Group to service national corporate customers across multiple locations,” Mr Garrard said.
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