# WestRock to acquire five corrugated facilities from U.S. Corrugated for about $192M

WestRock agreed to acquire five corrugated converting facilities in Ohio, Pennsylvania and Louisiana from U.S. Corrugated Holdings for about $192 million in cash and stock. The deal is expected to close in June 2017.

- Type: Acquisition
- Announced: 2017-05-24
- Where: Ohio, Pennsylvania and Louisiana, United States
- Value: $192.0M
- Status: announced
- Capacity: approximately 105,000 tons of containerboard converted annually plus 50,000 tons under contract
- Products: corrugated packaging, containerboard, displays
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [WestRock](https://endata.com/companies/791.md) (acquirer)
- [U.S. Corrugated Holdings](https://endata.com/companies/1477.md) (partner)
- [U.S. Corrugated Holdings](https://endata.com/companies/1477.md) (target)
- [US Corrugated](https://endata.com/companies/1570.md) (target)
- [Island Container](https://endata.com/companies/1659.md) (target)
- [Combined Container Industries](https://endata.com/companies/1660.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2017/05/24/995792/0/en/westrock-to-acquire-five-facilities-from-u-s-corrugated-holdings-inc.html), 2017-05-24: "WestRock will pay a total consideration of approximately $192 million, representing an EBITDA multiple of 5 times on a post-synergy basis."
- [richmond.com](https://richmond.com/business/local/westrock-acquiring-five-corrugated-container-plants-from-u-s-corrugated/article_1b5f2031-194b-5e01-a824-95990f71de4e.html), 2017-05-24: "Under the deal, which is expected to close in June, WestRock will buy five corrugated converting plants from U.S. Corrugated."
- [einpresswire.com](https://www.einpresswire.com/article/385963821/westrock-completes-acquisition-of-five-facilities-from-u-s-corrugated-holdings-inc), 2017-06-09: "WestRock acquired five corrugated converting facilities in Ohio, Pennsylvania, and Louisiana from U.S. Corrugated."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/westrock-buys-five-facilities-from-us-corrugated-for-192m-5841613/), 2017-06-12: "WestRock has completed its previously announced acquisition of five corrugated converting facilities from US Corrugated in a deal valued at $192m."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/westrock-to-acquire-assets-from-two-corrugated-box-producers-5852482/), 2017-06-25: "WestRock Company has entered into agreements to acquire nearly all the assets of corrugated solution manufacturers Island Container and Combined Container Industries."
- [asiapapermarkets.com](https://www.asiapapermarkets.com/westrock-to-acquire-assets-from-island-container-corp-and-combined-container-industries-llc/), 2017-07-06: "WestRock Company announced that it has entered into agreements to acquire substantially all of the assets of Island Container Corp. and Combined Container Industries LLC."

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