WestRock has reached an agreement with Plymouth Packaging to acquire the entire assets of the former.
Both the companies involved in the transaction are based in the US.
WestRock is engaged in the manufacture and sale of paper and packaging solutions, while Plymouth is a corrugated packaging company focused on the carton manufacturing.
Box-on-demand systems and corrugated fanfold represent 70% of Plymouth’s annual sales, while the rest comes from traditional corrugated box packaging.
GMP has raised KRW2.5bn ($2.28m) in a private placement of 646,328 shares.
Based in South Korea, GMP is engaged in providing equipment and products used in food packaging such as dye-sublimation transfer machinery, trimmers, display systems, laminating accessories, and binding systems.