# WestRock to sell RTS Packaging stake to Sonoco for $330M and URB mills to Ox Industries

WestRock agreed to divest its ownership interest in RTS Packaging to joint venture partner Sonoco for $330 million, and to sell its Eaton, Indiana and Aurora, Illinois uncoated recycled paperboard mills to Ox Industries for $50 million. Closing is expected in the first half of 2023.

- Type: Acquisition
- Announced: 2022-11-10
- Where: Eaton, Indiana and Aurora, Illinois, United States
- Value: $330.0M
- Status: announced
- Products: uncoated recycled paperboard, recycled paperboard products, packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Sonoco](https://endata.com/companies/268.md) (acquirer)
- [WestRock](https://endata.com/companies/791.md) (partner)
- [Ox Industries](https://endata.com/companies/9885.md) (acquirer)

## Sources

- [papnews.com](https://www.papnews.com/westrock-to-sell-ownership-interest-in-rts-packaging-llc-to-sonoco-agrees-to-sell-urb-mills-in-illinois-and-indiana-to-ox-industries/), 2022-11-10: "WestRock has entered into a definitive agreement to wholly divest its ownership interest in RTS Packaging, to joint venture partner Sonoco Products Company for $330 million, subject to customary price adjustments."

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