WestRock completed the acquisition of KapStone for $4.9bn.

WestRock, a leading provider of differentiated paper and packaging solutions, had completed the acquisition of KapStone Paper and Packaging. WestRock acquired all of the outstanding shares of KapStone for $35.00 per share and will assume approximately $1.36bn in net debt, for a total enterprise value of approximately $4.9bn. The company expects to achieve approximately $200m in synergies and performance improvements by the end of fiscal 2021 through the integration of the former KapStone operations into WestRock’s corrugated business. The acquisition also strengthens WestRock’s presence on the West Coast of the United States and broadens WestRock’s portfolio of differentiated paper and packaging solutions with the addition of attractive paper grades and distribution capabilities. “The addition of KapStone enhances our differentiated portfolio of paper and packaging solutions and will enable us to serve our customers better across our system. We look forward to delivering on the opportunities that the addition of KapStone provides for our team, our customers and our stockholders.” Steve Voorhees, WestRock CEO.