WestRock Company has completed the acquisition of KapStone Paper and Packaging Corporation. The company expects to achieve approximately $200 million 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.
WestRock financed the transaction through the issuance of debt from a bank term loan facility, existing credit commitments and cash on hand.
WestRock Company is a leading provider of differentiated paper and packaging solutions.
