# WestRock completes $970M acquisition of Grupo Gondi in Mexico

WestRock completed its acquisition of the remaining interest in Grupo Gondi for $970 million plus assumed debt. The Mexican business includes four paper mills, nine corrugated packaging plants and six high graphic plants.

- Type: Acquisition
- Announced: 2022-12-01
- Where: Mexico, Mexico
- Value: $970.0M
- Status: completed
- Products: containerboard, paperboard, corrugated packaging, high graphic packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [WestRock](https://endata.com/companies/791.md) (acquirer)
- [Grupo Gondi](https://endata.com/companies/2212.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20221201005957/en/WestRock-Acquisition-of-Grupo-Gondi-Complete), 2022-12-01: "WestRock Company (NYSE:WRK) today announced it has completed the acquisition of the remaining interest in Grupo Gondi for $970 million plus the assumption of debt."
- [financialcontent.com](https://www.financialcontent.com/article/bizwire-2022-12-1-westrock-acquisition-of-grupo-gondi-complete), 2022-12-01: "The acquisition of Grupo Gondi includes four paper mills, nine corrugated packaging plants and six high graphic plants throughout Mexico."
- [finance.yahoo.com](https://finance.yahoo.com/news/westrock-wrk-acquires-grupo-gondi-143002724.html), 2022-12-02: "WRK announced the completion of the previously announced acquisition of the remaining 67.7% stake in Grupo Gondi for $970 million"

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