ORRYY - BGL Announces the Sale of Pollock to Orora Limited
CLEVELAND, Jan. 8, 2019 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Pollock Investments Inc. (Pollock) to Orora Limited (ASX:ORA). BGL's Diversified Industrials and Distribution team served as the exclusive financial advisor to Pollock in the transaction. To learn more about BGL's Diversified Industrials and Distribution Group, please visit: www.bglco.com/industrials.
Headquartered in Dallas, Texas, Pollock is a $260 million revenue solutions-oriented manufacturer and distributor of packaging and facilities supplies and equipment with a strong market position in Texas and the Southeast. Pollock supplies value-added packaging, packaging equipment, and JanSan and facilities supplies to a growing customer base in diverse end markets including retail/e-commerce, healthcare, food processing, foodservice, office, education, government, building service/property management, manufacturing, wholesale, and others. The company's geographic footprint consists of 10 locations in 5 states encompassing more than 600,000 square feet of manufacturing and distribution space.
Australia-based Orora Limited is a global supplier of packaging products and services to the grocery, consumer goods, and industrial markets in Australia, New Zealand, the United States, and internationally. With the acquisition of Pollock, Orora will extend its North American footprint across key states and broaden its product offering, providing a growth platform for expansion in the facility supplies market. Orora reported revenues of $3.0 billion for the twelve months ended June 30, 2018.
Lawrence ("Lonnie") Pollock III said, "Celebrating our 100th anniversary this year, Pollock is grateful to partner with Orora to continue to grow the legacy of our business and enhance our capabilities for our valued customers and associates."
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Consumer, Diversified Industrials, Environmental & Industrial Services, Healthcare & Life Sciences, Metals & Metals Processing, and Real Estate. BGL has offices in Atlanta, Chicago, Cleveland, Denver, Philadelphia, San Antonio, and San Diego, in addition to international offices in more than 50 countries across 5 continents through our Global M&A Partners network. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.
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