Toronto’s Norseman bought by American firm

Oconomowoc, Wis.-based ORBIS Corporation has acquired Norseman Plastics Holdings, Ltd. The companies did not disclose the terms of the transaction.

Headquartered in Toronto, Norseman manufactures plastic reusable containers, trays, bins and pallets for the bakery, beverage, dairy, recycled material/waste collection, food service, agriculture and meat processing markets.

“This acquisition strengthens ORBIS’ position as a leader in plastic reusable packaging and provides us with tremendous growth opportunities in diverse markets,” said ORBIS president Jim Kotek in a statement. “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.”

Manufacturing and warehousing facilities in Toronto; Howell, Mich.; Osage City, Kan. and Kissimmee, Fla. are included in the acquisition. Norseman employs nearly 600 people across North America.

ORBIS has about 1,200 employees worldwide and helps companies in a wide range of industries, optimizing their supply chain with plastic reusable containers, pallets, totes and dunnage.