WestRock purchases KapStone for $4.9bn

By Sean Galea-Pace
The American packaging manufacturer, WestRock, has purchased US-based paper mill company, KapStone, for around $4.9bn, FoodBev Media reports. The acqui...

The American packaging manufacturer, WestRock, has purchased US-based paper mill company, KapStone, for around $4.9bn, FoodBev Media reports.

The acquisition will see Kapstone’s Kraftpak line and e-commerce delivery clients like Graze join WestRock’s corrugated packaging division.

WestRock has agreed to buy all shares in KapStone for $35 per share and it is thought that deal will provide $200mn in cost savings by 2021.

The move will significantly increase operations in the west of the US and expand the number of differentiated paper and packaging solutions.

See more:

 “I am pleased that we have completed the acquisition of KapStone Paper and Packaging, and I welcome our new teammates to WestRock,” said Steve Voorhees, chief executive officer of WestRock.”

“The addition of KapStone enhances our differentiated portfolio of paper and packaging solutions and will enable us to serve our customers better across our system. We look forward to delivering on the opportunities that the addition of KapStone provides for our team, our customers and our stockholders.”

The company employs approximately 6,400 people and has four paper mills, 22 production facilities and over 60 distribution centres across North America.

Share

Featured Articles

How BP is reshaping the manufacturing landscape

Renewable energy, AI & sustainable initiatives are all on bp's manufacturing spectrum. Hear more from bp’s Ulrich Angeli at Manufacturing Digital LIVE

Embracing Factories of the Future at Hyundai

Hyundai Motor Group Innovation Center Singapore pioneers 'Factories of the Future' with the help of robotics, AI & IoT says Alpesh Patel, of HMGICS

Manufacturing's GenAI journey - cost savings & security

Ryan den Rooijen, COO at Appsbroker & CTS, discusses GenAI survey, highlighting what manufacturing leaders want GenAI to do, from cost savings to security

The future of women in the manufacturing industry

Sustainability & ESG

The future of Tech & AI in the manufacturing industry

Technology

Tan Delta's innovations support sustainability goals

Sustainability & ESG