WestRock Company has acquired SP Fiber Technologies, LLC
WestRock Company has acquired SP Fiber Technologies, LLC for US$288.5 million.
WestRock Company (NYSE:WRK) is a leading global packaging company with 275 operating and business locations spanning North America, South America, Europe and Asia, and 42,000 team members. This transaction balances the fiber mix of the WestRock mill system, diversifies WestRock's product offering and improves SP Fiber’s cost structure and also generates significant synergies. WestRock also acquired SP Fiber's 48% interest in Green Power Solutions of Georgia, LLC (GPS); GPS is a renewable energy joint venture providing energy to Georgia Power and steam to the paper mill in Dublin.
SP Fiber Technologies, a subsidiary of SP Fiber Holdings, Inc.,is a producer of recycled containerboard and kraft and bag paper with mills located in Dublin, Georgia, and Newberg, Oregon.
One of Oaklins' teams in the USA served as financial advisor to WestRock Company in this transaction.
Talk to the deal team
Jonathan I. Mishkin
Oaklins TM Capital
Related deals
AYANDA CAPITAL has added a new investor to its shareholding
A new investor, Thierry Jacobs, has joined AYANDA CAPITAL S.L.’s shareholding with a minority stake.
Learn moreGoldlight has been acquired by Grenardi Group
AS Grenardi Group, the largest Baltic jewelry retailer, has acquired Goldlight.
Learn moreNuzoa has acquired Dinazoo
Spanish private equity-backed Nuzoa, a prominent animal health distributor in Spain, has acquired Dinazoo. This acquisition marks one of the first steps in Nuzoa’s international expansion. It will strengthen Nuzoa’s relationships with key clients who also operate in the Portuguese market, along with its suppliers. This agreement will enhance both companies’ presence in the Portuguese market by gaining access to more advanced technology and expanding their portfolio in key areas of the business.
Learn more