Orbis Corp. an Oconomowoc-based subsidiary of Menasha Corp., announced today it has acquired Norseman Plastics Holdings Ltd. of Toronto, Ontario.
Norseman manufactures plastic reusable containers, trays, bins and pallets used in bakery, beverage, dairy, recycled material/waste collection, food service, agriculture and meat processing applications.
Included in the acquisition are manufacturing and warehousing facilities in Toronto; Howell, Mich.; Osage City, Kan. and Kissimmee, Fla. Norseman Plastics has approximately 600 employees in North America.
According to Jim Kotek, president of Orbis, "This acquisition strengthens Orbis' position as a leader in plastic reusable packaging and provides us with tremendous growth opportunities in diverse markets. Our customers are continually looking to Orbis for leadership and expertise in ways to reduce their supply chain costs with reusable packaging. Norseman's diverse product line, strong customer relationships and industry knowledge are consistent with Orbis' vision and expertise."
"Norseman's expertise and leadership in markets in which Orbis currently does a small amount of business will allow it to solidify and increase its share in targeted markets," said Arthur Huge, president and chief executive officer of Menasha Corp. "In addition, Norseman's strong history in engineering and product development will lead to enhanced solutions for the customers of both businesses."
Orbis acquires Canadian firm
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