Oji Fibre Solutions Acquires Corrugated Box Converting Business in Australia
Oct. 5, 2017 - Oji Holdings announced that its subsidiary, Oji Fibre Solutions (OjiFS), has successfully acquired the corrugated box converting business assets from Cardboard Cartons Pty Ltd Company located near Melbourne, Australia.
Terms of the deal were not disclosed.
OjiFS has established a new company, Oji Cardboard Carton Solutions Pty Ltd. to continue the operations of the acquired business which consists of manufacturing and sales of small lot corrugated boxes with a short lead time, decorative printing services, as well as specialty processed corrugated products.
In a press release, Oji Holdings said, “We expect positive market growth for specialty processed carton products due to increasing demand in both decorative wine boxes for export out of Australia and shelf ready packaging in retail stores. The existing factories of OjiFS are characterized by their consistent and efficient production of corrugated boxes. With this acquisition in the downstream, OjiFS is now effectively capable of handling small lot and specialty processing; hence enabling it to provide a larger product lineup to a wider range of customers along with timely deliveries.”
SOURCE: Oji Holdings