WestRock To Buy 5 Facilities From U.S. Corrugated Holdings
Zacks Investment Research | May 24, 2017 09:47PM ET
The provider of paper and packaging solutions – WestRock Company (NYSE:WRK) – entered into a definitive agreement to acquire certain operations of U.S. Corrugated Holdings, Inc., a large independent manufacturer of corrugated products for packaging and displays. The buyout will broaden WestRock’s scope in regional markets.
Per the contract, WestRock will acquire five corrugated converting facilities in Ohio, Pennsylvania, and Louisiana, from U.S. Corrugated, through which it will provide a series of products and services to customers. Its products and services span across a variety of end markets, including food and beverage, pharmaceuticals and consumer electronics.
The buyout will enhance WestRock’s capabilities to serve customers across the Midwest. Further, the deal will improve the margins of its corrugated packaging business. Moreover, the transaction will provide significant synergy opportunities through containerboard integration, increased production and improved performance.
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