Japanese paper behemoth buys Australian business with help from two firms

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Two firms have advised as a Japanese paper-products behemoth acquires a paper-based packaging business in Victoria.

K&L Gates acted for Oji Fibre Solutions on its acquisition of Cardboard Carton Solutions, which was advised by Clarendons. Financial details of the deal, which required Foreign Investment Review Board approval, were not disclosed.  

Oji Fibre is ultimately owned by Tokyo-based Oji Holdings Corp., the fifth-largest pulp and paper company in the world, and Innovation Network Corporation of Japan. Oji Holdings has 158 consolidated subsidiaries in 17 countries. Oji Fibre operates in Australia and New Zealand with more than 1,850 employees.

Corporate and transactional partner John Mann led the K&L Gates team that advised Oji on all legal aspects of the transaction. He was assisted by senior associate Amy Chinnappa and graduate Annina Nowak.

“K&L Gates is pleased to have assisted Oji achieve an outcome that will enable it to become an even greater leader in the pulp, paper and fibre sector not only in Australia but globally,” Mann said.

Corporate partner Adam Levine, intellectual property partner Lisa Egan, tax partner Matthew Cridland, labour and employment law partner Michaela Moloney, real estate partner Will Grinter, and special counsel Rebecca Bolton were also fielded by K&L Gates. The matter also involved senior associates Natasha Augustin, Kathryn Maric, and Monica Lillas; lawyers Stephanie Goodlet, Julia Khomenko, John Monroe, and Michael Zippel; and graduates Harry Crawford and Edwin Tan.

The Clarendons team was led by director Robert Feiner. He was assisted by senior associate Julie Lyons. Clarendons also acted when another Japanese paper giant acquired a new Australian business earlier this year.

John Mann 

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