WestRock is an American
corrugated packaging company. It was formed in July 2015 after the merger of
MeadWestvaco
MeadWestvaco Corporation was an American packaging company based in Richmond, Virginia. It had approximately 23,000 employees. In February 2006, it moved its corporate headquarters to Richmond. In March 2008, the company announced a change to sta ...
and
RockTenn
RockTenn was an American paper and packaging manufacturer based in Norcross, Georgia. In 2015, it merged with MeadWestvaco to form the WestRock company.
It was one of North America's leading producers of corrugated and consumer packaging a ...
. WestRock is the 2nd largest American packaging company. It is one of the world's largest paper and packaging companies with 15 billion in annual revenue and 42,000 employees in 30 countries.
The company is headquartered in
Sandy Springs
Sandy Springs is a city in northern Fulton County, Georgia and an inner ring suburb of Atlanta. The city's population was 108,080 at the 2020 census, making it Georgia's seventh-largest city. It is the site of several corporate headquarters, i ...
,
Georgia
Georgia most commonly refers to:
* Georgia (country), a country in the Caucasus region of Eurasia
* Georgia (U.S. state), a state in the Southeast United States
Georgia may also refer to:
Places
Historical states and entities
* Related to the ...
, consolidating offices from
Norcross,
Georgia
Georgia most commonly refers to:
* Georgia (country), a country in the Caucasus region of Eurasia
* Georgia (U.S. state), a state in the Southeast United States
Georgia may also refer to:
Places
Historical states and entities
* Related to the ...
and
Richmond
Richmond most often refers to:
* Richmond, Virginia, the capital of Virginia, United States
* Richmond, London, a part of London
* Richmond, North Yorkshire, a town in England
* Richmond, British Columbia, a city in Canada
* Richmond, California, ...
,
Virginia
Virginia, officially the Commonwealth of Virginia, is a state in the Mid-Atlantic and Southeastern regions of the United States, between the Atlantic Coast and the Appalachian Mountains. The geography and climate of the Commonwealth ar ...
.
History and acquisitions
Westrock was formed in May 2015 after the merger of MeadWestvaco and Rock Tenn.
MeadWestvaco stockholders received 0.78 shares of the combined company. Rock-Tenn stockholders chose either one share of the combined company or a specific cash amount for each of their shares.
In October 2015, WestRock purchased SP Fiber Holdings, Inc. The company manufactures recycled container board as well as kraft and bag paper. In January 2016, the company acquired Cenveo Packaging for $105 million which manufactures folded cartons and litho-laminated display packaging like MiraFoil, coil foil, and low migration ink systems. The sale included facilities located in the United States,
Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...
, and
Dominican Republic
The Dominican Republic ( ; es, República Dominicana, ) is a country located on the island of Hispaniola in the Greater Antilles archipelago of the Caribbean region. It occupies the eastern five-eighths of the island, which it shares wit ...
.
In March 2017 WestRock purchased Star Pizza box, largest US manufacturer and distributor of pizza boxes.
In April 2017, WestRock completed the sale of its dispensing systems operations for $1.025 billion to
Silgan Holdings
Silgan Holdings is a Connecticut-based American manufacturing company that produces consumer goods packaging. The company was founded in 1987 by two former executives of Continental Can, Phil Silver and Greg Horrigan – their names contribu ...
.
In June 2017, the company acquired Multi Packaging Solutions International (MPS) for an enterprise value of $2.28 billion. MPS has 59 locations across North America, Europe, and Asia and will enhance Westrock's print, graphics, and design capabilities for more penetration in spirits, confectionery, beauty and cosmetics packaging.
In January 2018, the company acquired Plymouth Packaging, Inc. Later that month, WestRock announced that it would acquire rival pulp and paper company
Kapstone. The deal is expected to close by the end of the third quarter of 2018.
The company ranked 194th on the 2018
Fortune 500
The ''Fortune'' 500 is an annual list compiled and published by ''Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along ...
of the largest United States corporations by revenue.
References
External links
Official website
{{Authority control
Pulp and paper companies of the United States
Companies based in Richmond, Virginia
Companies listed on the New York Stock Exchange
American companies established in 2015
Manufacturing companies established in 2015
2015 establishments in Virginia
Packaging companies of the United States
Manufacturing companies based in Georgia (U.S. state)