Newly formed company Smurfit Westrock made its debut on the New York and London stock exchanges.
Smurfit Kappa
ABB will provide Smurfit Kappa with its ABB Ability System 800xA distributed control system (DCS), accompanied by a comprehensive paper machine drives system, encompassing some of the market’s most advanced drives and motors meticulously designed to optimize PM5’s performance.
Smurfit WestRock will acquire Smurfit Kappa by means of a scheme of arrangement under the Companies Act 2014 of Ireland, and Sun Merger Sub, LLC, a wholly owned subsidiary of Smurfit WestRock, will merge with and into WestRock, with WestRock surviving the merger and becoming a wholly owned subsidiary of Smurfit WestRoc...
Smurfit Kappa plans to further reduce CO2 emissions at Spanish mills.
The acquisition will allow Smurfit Kappa to expand its presence and customer base in Eastern Europe, as well as to enhance its product portfolio and innovation capabilities in the bag-in-box sector.
The notified transaction was examined under the simplified merger review procedure.