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The US Department of Justice approved WestRock's proposed $4.9bn acquisition of KapStone Paper and Packaging through Whisky Holdco. The deal was originally agreed in January 2018.
The U.S. Department of Justice cleared WestRock's pending acquisition of KapStone Paper and Packaging through Whiskey Holdco, with closing expected November 2, 2018 after the last antitrust approval.
WestRock signed an agreement to acquire German leaflet and booklet supplier Schlüter Print Pharma Packaging, which will join its Multi Packaging Solutions business. The deal expands WestRock's pharma and European footprint.
WestRock agreed to acquire KapStone Paper and Packaging Corp. for about $3.5 billion, or about $4.9 billion including KapStone's net debt of about $1.36 billion. The deal is expected to close in the quarter ending September 30 and generate about $200 million in savings by fiscal 2021.
WestRock has entered into agreements to acquire substantially all assets of Plymouth Packaging, a corrugated packaging company, including its Box on Demand systems and its equity interest in Panotec. The announcement was made on December 19, 2017.
KapStone Paper and Packaging Corporation completed the acquisition of assets of Associated Packaging, Inc. from Scott Dorris and Brad Dorris on February 1, 2017. No purchase price was given in the article.
