WestRock completes acquisition of Cenveo Packaging
By Canadian Packaging staff
General Cartoning Corrugated Paperboard Packaging acquisition of folding carton company Cenveo Cenveo Packaging folding carton manufacturer MiraFoil WestRock CompanyWith the deal closure, WestRock acquires seven facilities.
NORCROSS, GA—WestRock Company announced on January 21, 2016, that it has completed the acquisition of Cenveo Packaging, a leading provider of value-add folded carton and litho-laminated display packaging solutions. Cenveo Packaging is a division of Cenveo, Inc.
Through this transaction, WestRock has acquired seven facilities in North America with capabilities including MiraFoil, cold foil and low migration ink systems.
“Cenveo Packaging is an excellent addition to our folding carton and merchandising displays business,” says WestRock vice-president of merchandising displays and folding cartons, packaging solutions Craig Gunckel. “By combining WestRock paperboard with Cenveo’s packaging and printing capabilities, we expect to be able to further enhance the solutions that we are able to provide to our customers.”
The transaction is expected to generate significant synergies and be accretive to WestRock’s earnings immediately.
WestRock Company is a leading paper and packaging solutions provider in the consumer and corrugated markets. WestRock’s 41,000 team members support customers around the world from 268 operating and business locations spanning North America, South America, Europe and Asia. Learn more at www.westrock.com.
Image from http://www.istockphoto.com/
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