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Two industry leaders to create powerful global provider of consumer and corrugated packaging solutions
January 26, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
Rock-Tenn Company and MeadWestvaco Corporation (MWV) announced that they have entered into a definitive combination agreement to create a leading global provider of consumer and corrugated packaging (NewCo) in a transaction with a combined equity value of $16 billion. The combined company, to be named prior to closing, will have combined net sales of $15.7 billion and adjusted EBITDA of $2.9 billion, including the impact of $300 million in estimated annual synergies to be achieved over three yea...
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