OCONOMOWOC, Wis.—Orbis Corp. a subsidiary of Mensha Corp., is acquiring Norseman Plastics Holdings Ltd., based in Toronto.
Terms of the transaction were not disclosed. Orbis helps companies optimize their supply chain with plastic reusable containers, pallets, totes and dunnage. 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. Norseman’s diverse product line, strong customer relationship and industry knowledge are consistent with Orbis’ vision and expertise.”
Norseman’s experience in markets in which ORBIS currently does a small amount of business will allow it to solidify and increase its share in targeted markets,” says Arthur W. Huge, president and CEO 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.”
