Industry News, Mergers and Acquisitions, Printers News

WestRock to Divest Home, Health and Beauty Business for $1.025 Billion

Enters into definitive agreement with Silgan Holdings Inc.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

WestRock Company announced that it has entered into a definitive purchase agreement with Silgan Holdings Inc. under which Silgan will purchase WestRock’s Home, Health and Beauty business for $1.025 billion in cash plus the assumption of approximately $25 million in foreign pension liability. WestRock expects to receive net after-tax proceeds from the divestiture of approximately $1 billion.   “We have a constant strategic focus at WestRock on aligning our portfolio and resources around our cor...

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