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Top 10 of 2023 – No. 2: WestRock and Smurfit Kappa to Merge

Big news in 2023 was that WestRock, Smurfit Kappa plan to merge create company with combined value of roughly $20 billion. Announced in September, the merger is not yet complete today.

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In a significant development in the world of paper and packaging, WestRock is reportedly in advanced talks to merge with Europe's Smurfit Kappa Group, a move that could create a global powerhouse in the industry valued at approximately $20 billion, according to sources familiar with the matter.

Initially reported by The Wall Street Journal, the proposed merger envisions the establishment of a new entity, tentatively named "Smurfit WestRock," through a combination with one of WestRock's subsidiaries. Shareholders of WestRock would receive shares in the merged company; however, specific financial details have not yet been disclosed by the involved parties.

Continue to the full article here. 

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The largest PACK EXPO East in history is March 18-20 in Philadelphia! In one convenient location, you’ll discover new technology from top suppliers, get quality problem-solving time with experts and learn the latest trends in free educational sessions.
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