Through this transaction, WestRock has acquired seven facilities in North America with capabilities including MiraFoil ®, cold foil and low migration ink systems. Terms of the deal were not disclosed.
“Cenveo Packaging is an excellent addition to our folding-carton and merchandising displays business,” said Craig Gunckel, exec vp-Merchandising Displays and Folding Carton, Packaging Solutions at WestRock. “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, the company says.
WestRock Co. aspires to be the premier partner and unrivaled provider of paper and packaging solutions in 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. www.westrock.com