Oji Fibre Solutions has acquired Cardboard Cartons in Melbourne, renaming the company to Oji Cardboard Carton Solutions.
Former owner Linden Barry founded the company in 1995, and is staying on as general manager of the newly named business.
The rebranded company has the same 28 staff members as prior to the deal, with a forecast revenue for $8.7m for the current financial year.
Jon Ryder, CEO at Oji Fibre Solutions says, “We bought this company as it has perfect synergy with our business, we have long run box corrugated facilities in Melbourne, Sydney, Brisbane and Adelaide but we do not have short run. So the company we are buying will be helping us to offer more to customers.
“We have finalised the deal with no changes to the staff at all. The companies will bolt onto each other.”
[Related: Major packaging plant to open in Qld]
Ryder says when it comes to acquiring more companies there are a few companies they are talking about, “We will continue to grow our business in Australia and in New Zealand.”
Oji Cardboard Carton Solutions will continue the operation of the acquired business, consisting of manufacturing and sales of small lot corrugated boxed with a short lead time, decorative printing services, as well as specialty processed corrugated products.
Oji says it is expecting positive market growth for the 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 Oji Fibre Solutions are now effectively capable of handling small lot and speciality processing, hence enabling it to provide a larger product line-up to a wider range of customers along with timely deliveries.
Cardboard Cartons was established in 1995 and says it was recognised as a top supplier of high-quality corrugated cardboard products. Strong company values and a determination to provide excellence in customer service saw the company grow from strength to strength. In 2006, the company expanded their product line to include litho laminated packaging.
Oji Fibre Solutions Packaging is one of Australasias largest fibre-based packaging manufacturers with seven manufacturing facilities throughout New Zealand and Australia. It supplies an extensive range of cardboard products to the Australasian market. Our facilities produce a comprehensive selection of cardboard products for numerous industries including: horticulture, dairy, meat, beverage, seafood, reseller and industrial manufacturing.
Oji has cardboard packaging manufacturing plants located in Auckland, Levin, Christchurch, Melbourne and Sydney.
A year ago the company opened a $68m packaging facility on the Gold Coast employing 50 people in Yatala.
Comment below to have your say on this story.
If you have a news story or tip-off, get in touch at [email protected]
Sign up to the Sprinter newsletter