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Company Receives 13 Awards at Annual Paperboard Packaging Competition, Including the Sustainability Award of the Year

WestRock Company, a leading provider of differentiated paper and packaging solutions, was recognized for packaging design excellence at the 76th annual North American Paperboard Packaging Competition. The company won 13 awards - the most of any entrant - including the Sustainability Award of the Year.

2015 10 18 094836Sponsored by the Paperboard Packaging Council (PPC), the competition is judged by a panel of packaging experts. The awards recognize packaging that represents the best in converting excellence, innovation and sustainability that the North American folding carton industry has provided its customers over the past year.

The First Alert package produced by WestRock, which received the Sustainability Award of the Year, replaces a fully enclosed PET blister clamshell with a NatraLock® blister card, a sturdy, flexible, more sustainable alternative to traditional blister seal and clamshell applications.

“WestRock connects people to products through innovative, sustainable packaging,” said Pat Lindner, Chief Innovation Officer and President, Consumer Packaging for WestRock. “We are proud to have been honored by the Paperboard Packaging Council and even prouder of the trust our customers have placed in us. These winning designs represent the value we can provide our customers when we combine our market insights and commitment to sustainability with the design and innovation capabilities of our talented employees.”

In addition to the Sustainability Award of the Year, WestRock received two Gold and 10 Excellence awards for a variety of packaging solutions. A full list is included below, and images can be viewed here.

  • First Alert, Sustainability Award of the Year & Excellence Award
  • Keurig 2018 Winter Holiday Collection, Gold Award
  • WestRock Paper Palette, Gold Award
  • Chick-fil-A Menu XL Menu Tab with Hinged Tray, Excellence Award
  • Oatly Gift Pack, Excellence Award
  • XOFLUZA™ Dosepak, Excellence Award
  • MAYZENT® BAF312 Dosepak, Excellence Award
  • Heineken/Eisenbahn EconoDozen®, Excellence Award
  • Nestlé Goodnight Pillow Pack, Excellence Award
  • Glad® ForceFlex® Plus with MetPet, Excellence Award
  • Michelob ULTRA Beveled Corner 8-Pack, Excellence Award
  • Coca-Cola Shaped Packs, Excellence Award

WestRock

WestRock (NYSE: WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s team members support customers around the world from locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com

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  • Shut down of one paper machine will reduce linerboard capacity by approximately 288,000 tons
  • Focuses mill on manufacture of differentiated DuraSorb® and KraftPak® products
  • Enables approximately $40 million EBITDA improvement

WestRock Company have just announced that it is reconfiguring its North Charleston, SC, paper mill to improve the mill’s operating efficiency and long-term competitiveness.

2015 10 18 094836As part of the reconfiguration, WestRock will permanently shut down one of the mill’s three paper machines and related physical infrastructure, eliminating approximately 288,000 tons of linerboard capacity. The reconfigured mill’s production capacity will total approximately 605,000 tons per year, consisting of three grades: kraft linerboard; KraftPak, an unbleached folding carton kraft paper; and DuraSorb, a saturating kraft paper used for decorative laminate and industrial end uses.

“The actions that we are taking at our North Charleston mill will substantially improve the long-term competitiveness of the mill by reducing our on-going operating costs and capital needs, and focusing more than half of the mill’s production on the high-value, differentiated DuraSorb and KraftPak products,” said Steve Voorhees, chief executive officer of WestRock. “Reducing the production of linerboard at this mill will help balance our supply with customer demand across our system.”

The company anticipates that the reconfiguration will increase WestRock’s annual EBITDA by approximately $40 million, primarily due to the reduction in operating costs from the shutdown of the paper machine and its associated infrastructure. This reconfiguration includes an anticipated workforce reduction of approximately 260 positions at this mill over a five-month period, starting in January 2020.

“We understand that this reconfiguration will impact our employees, their families and the community,” continued Voorhees. “Our teams are working to provide support and resources to our employees and their families as we move forward.”

About WestRock

WestRock (NYSE: WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s team members support customers around the world from locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com

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WestRock Company (NYSE: WRK), a leading provider of differentiated paper and packaging solutions, today provided an estimate of the impact of Hurricane Dorian on its fiscal fourth quarter financial results.

2015 10 18 094836The Company idled three of its containerboard mills in the southeastern United States that were located in areas of mandatory evacuation in the projected path of Hurricane Dorian. All three mills resumed production as the evacuation orders were lifted in their respective areas.

The pre-tax impact from the hurricane on the Company’s financial results for the quarter ending September 30, 2019 is expected to be approximately $9 million. This impact is related to incremental costs to idle and restore the mills to operation, and the supply chain impacts of adapting our operations to meet our system requirements.

The Company will provide additional details during its fiscal fourth quarter earnings conference call.

About WestRock

WestRock (NYSE: WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s team members support customers around the world from locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com

Source: WestRock Company

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WestRock Company has just announced that it has been named to FORTUNE magazine’s annual list of World’s Most Admired Companies for the fourth consecutive year.

WestRock ranked second among companies in the packaging and container industry.

2015 10 18 094836The World’s Most Admired Companies survey measures nine attributes considered critical to a company’s global success, from investment value and quality of management and products to social responsibility and people management. A company’s score must rank in the top half of its industry survey to be listed. The list, widely considered to be the definitive report card on corporate reputation, is based on company surveys and peer ratings from senior executives, directors and analysts. 

“WestRock is honored to be recognized by FORTUNE as one of the world’s most admired companies for the fourth consecutive year,” said Steve Voorhees, WestRock chief executive officer. “This ranking recognizes the commitment and dedication of our 50,000 team members around the world to delivering value for our customers and stockholders.”

The full list appears in the February issue of FORTUNE and is available now at http://fortune.com/worlds-most-admired-companies/ and on newsstands.

About WestRock

WestRock (NYSE: WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s 50,000 team members support customers around the world from more than 320 operating and business locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com

Source: WestRock Shared Services, LLC

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WestRock Company (NYSE: WRK), a leading provider of differentiated paper and packaging solutions, today provided an initial update following the landfall of Hurricane Michael and its impact on the company’s containerboard and pulp mill located in Panama City, Florida.  

2015 10 18 094836As always, our first priority is the safety of our employees and their families. The Panama City area has been devastated by this hurricane, and we are working to support our employees and this community as the recovery begins.

An orderly shut-down process was started on Monday. The mill was in the direct path of the hurricane’s landfall, and it sustained a substantial amount of damage to buildings and equipment.

Our team is currently assessing the extent of the damage to the mill.  At this time, we do not know when the mill will resume operations; this will depend upon the extent of the damage to our facility and the storm’s impact on local infrastructure, including available power supply, the ability of our employees to travel to the mill, and other factors. 

The mill has annual production capacity of 353,000 tons of linerboard and 292,000 tons of market pulp.

The continued storm path is projected to traverse several states in which we have additional operations and the potential impact, if any, on these operations is unknown at this time.

We will provide additional updates as more information is available, and we have fully assessed the impact to our employees, local infrastructure and the mill.

About WestRock

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, Asia and Australia. Learn more at www.westrock.com

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WestRock Company (NYSE: WRK), a leading provider of differentiated paper and packaging solutions, has just provided an update following the landfall of Hurricane Florence.

2015 10 18 094836We are pleased that we have had no reported employee injuries and do not believe we have suffered any material physical damage to our facilities during the recent storm. We are working to restore normal operations at our facilities in the impacted region. We idled our kraft linerboard mill in Florence, South Carolina, in the middle of last week in advance of the landfall of Hurricane Florence. Yesterday, two of the three paper machines at the mill resumed operations, and we expect normal operations to resume after the transportation network in the region returns to normal.

WestRock operates an extensive network of mill and converting facilities in South Carolina, North Carolina and Virginia that were in the storm’s potential path. We incurred incremental costs in preparing these facilities and moving inventory, finished product and critical supplies in advance of the storm.  With flooding expected across the region, we may have additional increased input and operational costs and issues in our supply chain, as well as experience negative impact from disruptions at our customers’ locations. We expect to provide an estimate as to the impact on our business and financial results later this month.

About WestRock
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, Asia and Australia. Learn more at www.westrock.com

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WestRock Company, a leading provider of differentiated paper and packaging solutions, has just announced that it has entered into an agreement to acquire Schlüter Print Pharma Packaging, a German-based supplier of a full range of leaflets and booklets.

2015 10 18 094836Schlüter will become part of WestRock’s Multi Packaging Solutions business.

“Schlüter has an excellent reputation as a high-quality supplier to customers in the pharmaceutical and automotive industries, and this acquisition will enable us to build our business in these growing markets,” said Marc Shore, president of WestRock’s Multi Packaging Solutions business. “It will also expand our geographical footprint to better serve customers throughout Europe.”

"We are excited about what becoming part of WestRock means for our customers and employees,” said Andreas Schlüter, owner of Schlüter Print Pharma Packaging. “We firmly believe that WestRock is well positioned to grow the business and continue developing solutions that will help our customers address the challenges they face today and in the future.”

The transaction is subject to customary closing conditions.

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Tuesday, 09 January 2018 09:26

WestRock to Upgrade Florence, SC Mill

WestRock Company, a leading provider of differentiated paper and packaging solutions, has just announced a planned investment in its Florence, South Carolina kraft linerboard mill that will significantly increase the mill’s efficiency, quality and service levels.

2015 10 18 094836The $410 million investment over two years will include installing a 330” state-of-the-art kraft linerboard machine and related infrastructure that will replace three older, narrow-width paper machines. The company expects the new machine to produce 710,000 tons of kraft linerboard annually. In addition, the company plans to invest approximately $60 million over the next five years to support the new machine and other mill projects.

When coupled with the recently completed modern woodyard, the Florence mill will become one of the lowest cost kraft linerboard mills in North America. 

“This investment will make our Florence mill a state-of-the-art manufacturing facility, sustaining good manufacturing jobs and promoting the long-term success of the mill,” said Steve Voorhees, chief executive officer of WestRock. “The support of the Florence County Economic Development Partnership and the South Carolina Department of Commerce helped make this investment possible and is greatly appreciated.  We look forward to contributing to the Florence community for many years to come.”

“Any time a company invests in our state, it shows a commitment to our citizens that we couldn’t be more grateful for. This investment is something that South Carolina should be proud of, and we know that the future is bright for the partnership between our state and WestRock,” said Henry McMaster, governor of South Carolina.

“WestRock is not only a leader in the packaging industry, but also a respected name in South Carolina’s overall business community. Today, I’m thrilled to congratulate this great company on their continued success in the Palmetto State,” said Secretary of Commerce Bobby Hitt. 

“WestRock supports hundreds of jobs in Florence County and remains one of our top employers. We are very pleased that this industry will continue to be an important part of Florence County’s economy,” said Florence County Council Chairman Kent Caudle.

“Florence County is excited about WestRock and its investment in our area – one of the largest in recent history. This is a significant development for the people of Florence County,” said Florence County Economic Development Partnership Chairman Frank J. “Buddy” Brand.

“This new investment is an important step for Florence County in preserving jobs that support so many families in our community, and is evidence that companies that come to Florence stay in Florence. I’m very pleased that this project will help sustain the significant economic progress that Florence has made in recent years,” said South Carolina Senate President Pro Tempore Hugh K. Leatherman.

The new linerboard machine will be housed in a building adjacent to the existing complex, and the company expects production on the new linerboard machine and the shutdown of the three existing machines to occur in the first half of calendar 2020.

About WestRock 
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, Asia and Australia. Learn more at www.westrock.com

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WestRock Company (NYSE:WRK) has just announced that it has completed its previously announced acquisition of substantially all of the assets of Plymouth Packaging, Inc. (“Plymouth”). Plymouth is a corrugated packaging company that derives approximately 70% of its sales from its “Box on Demand” systems and corrugated fanfold, and 30% from traditional corrugated box packaging.

2015 10 18 094836This acquisition represents WestRock’s entry into the growing on-demand corrugated packaging market that serves many e-commerce and other custom-packaging applications. The market-leading “Box on Demand” systems are located on the customers’ sites and use fanfold corrugated to produce custom, on-demand corrugated packaging that is accurately sized for any product type according to the customer’s specifications.

“We are pleased to welcome the Plymouth team to WestRock,” stated Jeff Chalovich, president, Corrugated Packaging, WestRock. “The addition of Plymouth Packaging and the “Box on Demand” capabilities furthers our differentiated packaging and packaging machinery strategies, and we look forward to growing this business in our portfolio.”

In addition to the market expansion opportunity represented by this acquisition, WestRock intends to fully integrate the nearly 60,000 tons of containerboard used annually by Plymouth Packaging and expects additional containerboard integration opportunities as the Company serves the growing on-demand packaging market.

About WestRock

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, Asia and Australia. Learn more at www.westrock.com

Source: WestRock Shared Services, LLC

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WestRock Company (NYSE:WRK), a leading provider of differentiated paper and packaging solutions, has just announced that it has entered into agreements to acquire substantially all of the assets of Plymouth Packaging, Inc. (“Plymouth”). Plymouth is a corrugated packaging company that derives approximately 70% of its sales from its “Box on Demand” systems and corrugated fanfold, and 30% from traditional corrugated box packaging.

2015 10 18 094836Plymouth’s market-leading “Box on Demand” systems are located on the customer’s site and use fanfold corrugated to produce custom, on-demand corrugated packaging that is accurately sized for any product type according to the customer’s specifications. Fanfold corrugated is continuous corrugated board, folded periodically to form an accordion-like stack of corrugated material. Plymouth installs “Box on Demand” machines on its customers’ sites under multi-year exclusive agreements for the fanfold corrugated supply.

Approximately 40% of the “Box on Demand” systems’ sales are to e-commerce customers, with the remaining customers serving building products, furniture and other markets. Plymouth currently supplies more than 100 customers with proprietary “Box on Demand” machines, manufactured by Panotec. As part of the transaction, WestRock will acquire Plymouth’s equity interest in Panotec and Plymouth’s exclusive right to distribute Panotec’s equipment in the United States and Canada.

The acquisition of Plymouth will further integrate the company’s containerboard system. WestRock currently provides one-third of the nearly 60,000 tons of containerboard used by Plymouth annually, and intends to fully integrate these tons after the transaction closes. WestRock expects additional containerboard integration opportunities as the Company serves this growing on-demand packaging market.

“The acquisition of Plymouth Packaging will further develop our innovation platform and our differentiation strategy,” said Jeff Chalovich, president of WestRock’s corrugated packaging business. “The addition of the ‘Box on Demand’ system will enhance our automated packaging systems business and WestRock’s differentiation in e-commerce and other custom applications where on-site box making is needed. The acquisition will improve our margin profile, our growth prospects in our corrugated packaging business and move us closer to our goal to be 80% integrated.”

Plymouth was founded in 1991 by Paul Magnell and is currently owned by the Magnell family. Greg Magnell is currently the president of the company and will continue in his leadership role following the closing of the transaction.

“We are excited to become part of WestRock and believe there is a strong cultural fit with our two organizations,” said Greg Magnell. “The combination provides access to a much broader geographic footprint and significant additional resources that will help this business continue to grow and serve our customers.”

The transaction includes Plymouth’s fanfold corrugated facilities in Battle Creek, Michigan; Ft. Worth, Texas; and Mechanicsburg, Pennsylvania; and all of the company-owned “Box on Demand” machines located in customers’ facilities. The transaction is subject to customary closing conditions.

About WestRock
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, Asia and Australia. Learn more at www.westrock.com

Source: WestRock Shared Services, LLC

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