WestRock
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Type | Public |
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Industry | Corrugated packaging |
Founded | 2015 |
Headquarters | , United States |
Key people | David B. Sewell (CEO) |
Revenue | ![]() |
Number of employees | 51,100 (2020)[1] |
Website | westrock |
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.[3][4] The company is headquartered in Sandy Springs, Georgia, consolidating offices from Norcross, Georgia and Richmond, Virginia.[5]
History and acquisitions
Westrock was formed in May 2015 after the merger of MeadWestvaco and Rock Tenn.[4] 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.[6]
In October 2015, WestRock purchased SP Fiber Holdings, Inc.[7] The company manufactures recycled container board as well as kraft and bag paper.[8] 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.[9] The sale included facilities located in the United States, Canada, and Dominican Republic.
In March 2017 WestRock purchased Star Pizza box, largest US manufacturer and distributor of pizza boxes.[10]
In April 2017, WestRock completed the sale of its dispensing systems operations for $1.025 billion to Silgan Holdings.[11]
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.[12]
In January 2018, the company acquired Plymouth Packaging, Inc.[13] 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.[14] The company ranked 194th on the 2018 Fortune 500 of the largest United States corporations by revenue.[15]
References
- ^ a b "WestRock | 2020 Fortune 500". Fortune.
- ^ "WestRock Company Formed with Completion of Merger of MeadWestvaco and RockTenn". GlobalNewsWire. July 1, 2015. Retrieved September 17, 2015.
- ^ "WestRock to purchase packaging aspect of Cenveo". Canadian Packaging. 2015-12-14. Retrieved 2022-07-07.
- ^ a b "WestRock". Library of Congress, Washington, D.C. 20540 USA. Retrieved 2022-07-07.
- ^ "WestRock to Relocate Headquarters in Greater Atlanta, Ga". Retrieved 2021-05-16.
- ^ McDermott, John (May 18, 2015). "MeadWestvaco, Rock-Tenn to be called WestRock after merger". Post and Courier. Retrieved September 17, 2015.
- ^ LLC, WestRock Shared Services. "WestRock Completes Acquisition of SP Fiber Holdings, Inc". GlobeNewswire News Room. Retrieved 2018-05-02.
- ^ "WestRock Company has acquired SP Fiber Technologies, LLC | Deals | Oaklins United States: Mid-market M&A and financial advice globally". United States. Retrieved 2022-07-07.
- ^ "WestRock acquires Cenveo Packaging for $105m". bakeryandsnacks.com. Retrieved 2018-05-02.
- ^ "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.
- ^ "Silgan Completes Acquisition of Dispensing Systems Business". BusinessWire. 2017-04-06. Retrieved 2017-12-24.
- ^ "WestRock completes acquisition of Multi Packaging Solutions International – Packaging Business Review". containers.packaging-business-review.com. Retrieved 2018-05-02.
- ^ "WestRock (WRK) Buys Plymouth Packaging to Expand Portfolio". NASDAQ.com. 2018-01-09. Retrieved 2018-01-09.
- ^ "WestRock Signs Definitive Agreement to Acquire KapStone for $35 per Share". WestRock Company. January 29, 2018. Retrieved January 30, 2018.
- ^ "Fortune 500 Companies 2018". Fortune 500. Retrieved March 19, 2019.
External links
- Official website
- Business data for WestRock:
- Pages with non-numeric formatnum arguments
- Articles with short description
- AC with 0 elements
- Pulp and paper companies of the United States
- Companies based in Richmond, Virginia
- Companies listed on the New York Stock Exchange
- American companies established in 2015
- Manufacturing companies established in 2015
- 2015 establishments in Virginia
- Packaging companies of the United States
- Manufacturing companies based in Georgia (U.S. state)