US corrugated packaging firm WestRock has agreed to acquire all the assets of New York-based Island Container and an affiliate named Combined Container Industries.
Island Container and Combined Container are independent producers of corrugated boxes, sheets and point-of-purchase displays.
WestRock is acquiring a corrugator and the corrugated converting operations situated in
Island Container and Combined Container have customers in cosmetic, pharmaceutical and food markets in the
WestRock said it will pay total consideration in cash representing an EBITDA multiple of less than 4.5 times on a post-synergy basis. The deal is subject to customary closing conditions.
WestRock CEO Steve Voorhees said: “This acquisition will enable us to integrate more than 80,000 tons of containerboard into our corrugated packaging business.”
WestRock partners with its customers to deliver differentiated paper and packaging solutions. The company’s 45,000 team members support customers across the world from over 300 operating and business locations spanning
Earlier this month, WestRock completed the acquisition of several operations of U.S. Corrugated, which manufactures corrugated products for packaging and displays.
The company acquired U.S. Corrugated’s five corrugated converting plants in
WestRock has also acquired
Image: WestRock to acquire assets from Island Container and Combined Container Industries. Photo: courtesy of Master isolated images / FreeDigitalPhotos.net.