Breaking: ACCC approves sale of Orora Fibre to Australian Paper

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The ACCC has approved the $1.72b sale of Orora’s Australasian fibre business, Orora Fibre, to Australian Paper, a wholly owned subsidiary of Nippon Paper Industries.

In releasing its approval, the ACCC said Australian Paper is the only independent, non-vertically integrated, domestic supplier of certain paper packaging products made from kraft fibre. Under the proposed acquisition Australian Paper will become vertically integrated with one of its major customers, Orora Fibre.


Source: Sprinter


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