The acquisition of Grupo Gondi involves four paper mills, nine corrugated packaging facilities, and six high-graphic facilities located throughout Mexico<\/p>\n\n\n\n
US-based corrugated packaging company WestRock has wrapped up the acquisition of the remaining interest in Mexico-based Grupo Gondi for $970m plus the assumption of debt.<\/p>\n\n\n\n
WestRock said that the transaction immediately increases earnings, subject to customary purchase price allocations.<\/p>\n\n\n\n
The acquisition of the Grupo Gondi involves four paper mills, nine corrugated packaging facilities, and six high-graphic facilities throughout Mexico. These facilities provide sustainable packaging for a variety of regional end markets.<\/p>\n\n\n\n
The deal will also boost the company\u2019s position in the expanding Latin American containerboard, paperboard and consumer and corrugated packaging markets.<\/p>\n\n\n\n
WestRock president and chief executive officer David B. Sewell said: \u201cWe are pleased to welcome the Grupo Gondi team to WestRock.<\/p>\n\n\n\n
\u201cThe addition of Grupo Gondi\u2019s operations in Mexico enables us to better serve the Latin American market with our broad portfolio of paper and packaging solutions.<\/p>\n\n\n\n
\u201cThe capability and expertise that this team brings to WestRock will help us continue to provide complete packaging solutions for our customers.\u201d<\/p>\n\n\n\n
WestRock partners with customers in North America, South America, Europe, Asia and Australia to provide sustainable paper and packaging solutions.<\/p>\n\n\n\n
Last month, WestRock signed a deal to sell its ownership interest in RTS Packaging and one paper mill in Chattanooga, Tennessee, to joint venture partner Sonoco Products for $330m in cash.<\/p>\n\n\n\n
Additionally, the firm agreed to sell its uncoated recycled paperboard (URB) plants in Eaton, Indiana, and Aurora, Illinois, to Ox Industries for $50m.<\/p>\n","protected":false},"excerpt":{"rendered":"
The acquisition of Grupo Gondi involves four paper mills, nine corrugated packaging facilities, and six high-graphic facilities located throughout Mexico US-based corrugated packaging company WestRock has wrapped up the acquisition of the remaining interest in Mexico-based Grupo Gondi for $970m plus the assumption of debt. WestRock said that the transaction immediately increases earnings, subject to<\/p>\n","protected":false},"author":1,"featured_media":7445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98,65],"tags":[298],"class_list":{"0":"post-7444","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-finance","8":"category-corrugated-folding-carton","9":"tag-westrock"},"_links":{"self":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/7444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/comments?post=7444"}],"version-history":[{"count":1,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/7444\/revisions"}],"predecessor-version":[{"id":7446,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/7444\/revisions\/7446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media\/7445"}],"wp:attachment":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media?parent=7444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/categories?post=7444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/tags?post=7444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}