Packaging Growth Outlook Looks Soft in Orora's Fiscal 2022 as Consumers Re-Emerge From Lockdown

Orora maintains leading positions in the manufacture of aluminium can and glass beverage packaging in the Australasian market. Orora’s portfolio of businesses were demerged from global packaging giant Amcor and included Amcor’s North American packaging distribution operations. The North American distribution business purchases, warehouses, sells, and delivers a wide range of packaging and other related materials and is the fourth-largest player in a highly fragmented U.S. market. Orora divested its Australasian fibre manufacturing operations in 2020, following an unsolicited approach from Nippon Paper. Nippon Paper’s AUD 1.72 billion offer was a significant windfall for Orora’s shareholders.