WestRock

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WestRock Company
TypePublic
IndustryCorrugated packaging
Founded2015
Headquarters
Sandy Springs, Georgia
(Atlanta mailing address)
,
United States
Key people
 (CEO)
RevenueIncrease US$14.86 billion (2017)[1]
Number of employees
51,100 (2020)[1]
Websitewestrock.com

WestRock is an American corrugated packaging company. It was formed in July 2015 after the merger of MeadWestvaco and RockTenn.[2] WestRock is the 2nd largest American packaging company. It is one of the world's largest paper and packaging companies with US$15 billion in annual revenue and 42,000 employees in 30 countries. The company is headquartered in Sandy Springs, Georgia, consolidating offices from Norcross, Georgia and Richmond, Virginia.[3]

History and acquisitions[]

MeadWestvaco stockholders received 0.78 shares of the combined company. Rock-Tenn stockholders chose either one share of the combined company or a specific cash amount for each of their shares.[4]

In October 2015, WestRock purchased SP Fiber Holdings, Inc.[5]

In January 2016, the company acquired Cenveo Packaging for $105 million which manufactures folded cartons and litho-laminated display packaging like MiraFoil, coil foil, and low migration ink systems.[6]

In March 2017 WestRock purchased Star Pizza box, largest US manufacturer and distributor of pizza boxes.[7]

In April 2017, WestRock completed the sale of its dispensing systems operations for $1.025 billion to Silgan Holdings.[8]

In June 2017, the company acquired Multi Packaging Solutions International (MPS) for an enterprise value of $2.28 billion. MPS has 59 locations across North America, Europe, and Asia and will enhance Westrock's print, graphics, and design capabilities for more penetration in spirits, confectionery, beauty and cosmetics packaging.[9]

In January 2018, the company acquired Plymouth Packaging, Inc.[10] Later that month, WestRock announced that it would acquire rival pulp and paper company Kapstone. The deal is expected to close by the end of the third quarter of 2018.[11] The company ranked 194th on the 2018 Fortune 500 of the largest United States corporations by revenue.[12]

References[]

  1. ^ Jump up to: a b "WestRock | 2020 Fortune 500". Fortune.
  2. ^ "WestRock Company Formed with Completion of Merger of MeadWestvaco and RockTenn". . July 1, 2015. Retrieved September 17, 2015.
  3. ^ "WestRock to Relocate Headquarters in Greater Atlanta, Ga". Retrieved 2021-05-16.
  4. ^ McDermott, John (May 18, 2015). "MeadWestvaco, Rock-Tenn to be called WestRock after merger". Post and Courier. Retrieved September 17, 2015.
  5. ^ LLC, WestRock Shared Services. "WestRock Completes Acquisition of SP Fiber Holdings, Inc". GlobeNewswire News Room. Retrieved 2018-05-02.
  6. ^ "WestRock acquires Cenveo Packaging for $105m". bakeryandsnacks.com. Retrieved 2018-05-02.
  7. ^ "Corrugated: WestRock acquires Star Pizza Box with five plants; LDI buys Miller Container – RISI – Objective Insight. Better Decisions". RISI – Objective Insight. Better Decisions. Retrieved 2018-05-02.
  8. ^ "Silgan Completes Acquisition of Dispensing Systems Business". BusinessWire. 2017-04-06. Retrieved 2017-12-24.
  9. ^ "WestRock completes acquisition of Multi Packaging Solutions International – Packaging Business Review". containers.packaging-business-review.com. Retrieved 2018-05-02.
  10. ^ "WestRock (WRK) Buys Plymouth Packaging to Expand Portfolio". NASDAQ.com. 2018-01-09. Retrieved 2018-01-09.
  11. ^ "WestRock Signs Definitive Agreement to Acquire KapStone for $35 per Share". WestRock Company. January 29, 2018. Retrieved January 30, 2018.
  12. ^ "Fortune 500 Companies 2018". Fortune 500. Retrieved March 19, 2019.

External links[]

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