Paper and packaging solutions provider Westrock has completed the acquisition of US-based Multi Packaging Solutions International (MPS) in a deal valued at $2.28bn, following the receipt of all regulatory approvals.

Under the transaction, WestRock acquired all outstanding shares of MPS for $18 per share in cash and assumed an estimated $873m in net debt.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

WestRock CEO Steve Voorhees said: “I am excited about our acquisition of MPS, which is an important step in the continuing development of WestRock.

“MPS is a leader in the value-added packaging sector, and the addition of MPS to WestRock strengthens our differentiated portfolio of paper and packaging solutions.”

WestRock financed the transaction through a combination of cash on hand and existing credit facilities.

See Also:

"MPS is a leader in the value-added packaging sector, and the addition of MPS to WestRock strengthens our differentiated portfolio of paper and packaging solutions."

The deal is expected to enhance the company’s presence in the growing healthcare and consumer markets including spirits, confectionary, beauty and cosmetics, as MPS brings complementary print, graphics and design capabilities.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The acquisition will also broaden WestRock’s differentiated product portfolio, and strengthens its presence in new markets.

MPS uses nearly 225,000t of paperboard each year in its production facilities.

The acquisition will integrate between 35% and 45% of this consumption, which in turn will generate $85m in run-rate synergies by the end of fiscal 2019.

MPS provides print-based specialty packaging solutions and its product offering includes premium folding cartons, inserts, labels and rigid packaging.

The company serves its global customers through 59 locations across North America, Europe and Asia.