Wynn Williams acts on billion-dollar acquisition

by Sol Dolor 19 Oct 2019

Wynn Williams is advising on a billion-dollar multijurisdictional acquisition.

The firm is the New Zealand legal adviser to Orora Limited, which has agreed to sell its Australasian fibre business to a subsidiary of Japanese company Nippon Paper.

Wynn Williams confirmed to NZ Lawyer that it team is headed by partner Stephen Lowe and senior associate Kimberley Wong.

The deal, which is expected to close early next year, pegs the enterprise value of the Orora fibre business at AUS$1.72bn. The fibre business is involved in cardboard recycling and carton and bag manufacturing. Orora, which is a major supplier of

packing products to a wide range of industries around the world, will focus on beverage, including the manufacturing of wine bottles and aluminium cans, with the sale.

Tokyo-listed Nippon Paper, founded in 1949, is one of the world’s largest paper and packaging companies. The purchase of the Australasian fibre business of Orora is the company’s largest investment outside of its home country and its first foray into box manufacturing.

Baker McKenzie has confirmed to Australasian Lawyer that it also acts as Orora’s legal adviser.