“With attractive and complementary customers, markets and facilities, Cenveo Packaging will be an excellent addition to our consumer packaging business,” said Steve Voorhees, CEO of WestRock. “By combining our operating expertise in folding cartons and integrating WestRock paperboard with Cenveo Packaging’s packaging and printing capabilities, we will be able to better serve our customers while generating significant synergies and performance improvements.”
Cenveo Packaging serves customers across North America with a focus on markets that value high-color printing and packaging capabilities, including food, beverage, pharma/nutraceutical, specialty tobacco and other consumer markets.
At closing, WestRock will pay a total consideration of approximately $105 million. The transaction is anticipated to close in early 2016 following regulatory approval.
Cenveo Packaging, a leading provider of value-add folded carton and litho-laminated display packaging solutions with six facilities located in North America. Cenveo Packaging is a division of Cenveo, Inc.