Supply Agreement Signed with Orora
Sydney, Nov 7, 2016 AEST (ABN Newswire) - Brand Protection and Customer Engagement solutions company YPB Group Limited (
ASX:YPB) is pleased to confirm that following the signing of an MOU with Orora Limited (ASX:ORA) in May, a Supply Agreement for YPB's full PROTECT, DETECT, CONNECT solutions suite has now been executed. Under the agreement YPB and Orora will partner to take YPB's Brand Protection and Customer Engagement solutions to Orora's customers.
YPB Executes Supply Agreement with Orora
- In May 2016 YPB announced the signing of a Memorandum of Understanding ('MOU') with packaging company Orora (ASX:ORA)
- MOU now superseded by Supply Agreement
- YPB to offer full suite of products to Orora customers
Orora, with a turnover exceeding AUD$3.8Bn, is an innovative, customer-focused, leading provider of packaging solutions to the manufacturers of beverages (including beer, wine, soft drink and spirits), fruit and vegetables, meat and seafood producers. Orora has 40 manufacturing plants and 87 distribution sites across seven countries and approximately 6,200 team members. It supplies packaging products and services to grocery, fast-moving consumer goods and industrial markets in Australia, New Zealand, USA, Canada and Mexico.
Under the agreement, Orora will be able to offer its customers the option to protect their brands with YPB's patented and unique Brand Protection, Secure Supply Chain and Direct Customer Engagement.
YPB Executive Chairman John Houston said: "This exciting relationship with Orora is the most significant milestone to date for YPB in the progress of our Multiplier Partnership strategy and follows a similar arrangement with leading FMCG tubing supplier, Impact International, in July. Multiplier Partnerships allow us to far more rapidly and effectively penetrate markets at much lower cost and with much less risk than labouring alone. We are delighted Orora, with its enviable customer base and geographic spread, has recognised the value our unique Brand Protection, Secure Supply Chain and Customer Engagement solutions can deliver to its customers."
About Orora Limited
Orora Ltd (ASX:ORA) (OTCMKTS:ORRYY) is a packaging company. The Company is principally engaged in providing a range of packaging solutions, including design and manufacture of packaging products, such as glass bottles, beverage cans, recycled paper, cartons and multi-wall paper bags.
About YPB Group Ltd
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