WestRock and Smurfit Kappa: A Groundbreaking Merger in the Packaging Industry

WestRock and Smurfit Kappa: A Groundbreaking Merger in the Packaging Industry

THE WHAT?  WestRock, a U.S.-based company, and Smurfit Kappa from Ireland are in advanced discussions about a merger. The proposed new entity, Smurfit WestRock, would have its main headquarters in Dublin and its Americas operations in Atlanta, Georgia.

THE DETAILS  Upon merging, the company aims to be listed on the New York Stock Exchange, departing from its current London and Euronext Dublin listings. The combined companies would have a total market capitalisation of approximately $18.7 billion. Their cumulative revenue from the past year’s sales would be around $34 billion. The merger intends to achieve over $400 million in annual pre-tax savings by the end of its first year.

THE WHY?  The merger between the two packaging giants seeks to establish a dominant global market player. The partnership aims to provide enhanced operational efficiency, greater returns, and an expansive geographical reach spanning 42 countries. This move is perceived as a strategic effort to meet the robust demand for packaging, especially as the shift from plastic to paper packaging gains momentum.

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