WestRock Company (NYSE:WRK) have just announced that it has completed the acquisition of certain operations of U.S. Corrugated, a large independent manufacturer of corrugated products for packaging and displays.
WestRock acquired five corrugated converting facilities in Ohio, Pennsylvania, and Louisiana from U.S. Corrugated, through which it provides a comprehensive suite of products and services to customers in a variety of end markets, including food & beverage, pharmaceuticals and consumer electronics.
The five facilities will operate as part of WestRock’s Corrugated Packaging segment. WestRock intends to integrate 105,000 tons of containerboard converted annually by the acquired facilities and another 50,000 tons under a long-term contract with a newly created company formed from the remaining assets of U.S. Corrugated. The transaction is expected to be accretive to earnings in year one.
WestRock (NYSE:WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s 45,000 team members support customers around the world from more than 300 operating and business locations spanning North America, South America, Europe and Asia. Learn more at www.westrock.com.
Source: WestRock Shared Services, LLC