Industry News, Mergers and Acquisitions, Printers News

WestRock to Acquire KapStone for Approximately $4.9 Billion

Leader in solutions for customers in corrugated packaging market.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

WestRock Company and KapStone Paper and Packaging Corporation announced the signing of a definitive agreement, pursuant to which WestRock will acquire all of the outstanding shares of KapStone for $35.00 per share and will assume approximately $1.36 billion in net debt, for a total enterprise value of approximately $4.9 billion.   Based on KapStone’s annualized EBITDA performance in the second half of its fiscal 2017, WestRock estimates the EV/EBITDA multiples to be under 10 times before and s...

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