Announced
Financials
Tags
packaging
Pending
containers
Containers and Packaging
Single Bidder
Acquisition
Majority
Domestic
United States
Private
Friendly
Synopsis
Sonoco Products, a diversified global packaging company, agreed to acquire the remaining 65% stake in RTS Packaging, a manufacturer of packaging and partition products, from WestRock Company, a manufacturer of corrugated and consumer packaging products, for $330m. “These divestitures align with WestRock’s commitment to optimize its portfolio and focus our strategy on key end markets. I want to thank the teammates in RTS Packaging and our Chattanooga, Eaton and Aurora mills for their numerous contributions to our success over the years. Looking forward, we remain committed to leveraging the power of our broad, diverse portfolio of sustainable paper and packaging solutions to serve our customers and provide value to our shareholders," David B. Sewell, WestRock CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.