# WestRock acquires Australian folding carton maker Hannapak

WestRock announced the acquisition of Hanna Group Pty Ltd (Hannapak), a folding carton provider in North Richmond, New South Wales, for AUD 75 million in cash. The business converts about 30,000 tons of paperboard a year.

- Type: Acquisition
- Announced: 2017-08-01
- Where: North Richmond, New South Wales, Australia
- Value: $59.0M (75.0M AUD)
- Status: announced
- Capacity: approximately 30,000 tons of paperboard converted per year
- Products: folding cartons
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [WestRock](https://endata.com/companies/791.md) (acquirer)
- [Hanna Group (Hannapak)](https://endata.com/companies/1856.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2017/08/01/1065345/25144/en/westrock-acquires-hannapak.html), 2017-08-01: "The AUD$75 million purchase price will be paid in cash and is subject to a customary net working capital adjustment."
- [globenewswire.com](https://www.globenewswire.com/news-release/2017/08/01/1065345/25144/en/WestRock-Acquires-Hannapak.html), 2017-08-01: "The AUD$75 million purchase price will be paid in cash and is subject to a customary net working capital adjustment."
- [globenewswire.com](https://www.globenewswire.com/news-release/2017/08/01/1065345/0/en/westrock-acquires-hannapak.html), 2017-08-01: "WestRock Company (NYSE:WRK) today announced that it is expanding its consumer packaging portfolio with the acquisition of Hanna Group Pty Ltd (Hannapak)"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.