Pulp-Paperworld.com / N.American News

WestRock Company (NYSE: WRK), a leading provider of differentiated paper and packaging solutions, today provided an initial update following the landfall of Hurricane Michael and its impact on the company’s containerboard and pulp mill located in Panama City, Florida.  

2015 10 18 094836As always, our first priority is the safety of our employees and their families. The Panama City area has been devastated by this hurricane, and we are working to support our employees and this community as the recovery begins.

An orderly shut-down process was started on Monday. The mill was in the direct path of the hurricane’s landfall, and it sustained a substantial amount of damage to buildings and equipment.

Our team is currently assessing the extent of the damage to the mill.  At this time, we do not know when the mill will resume operations; this will depend upon the extent of the damage to our facility and the storm’s impact on local infrastructure, including available power supply, the ability of our employees to travel to the mill, and other factors. 

The mill has annual production capacity of 353,000 tons of linerboard and 292,000 tons of market pulp.

The continued storm path is projected to traverse several states in which we have additional operations and the potential impact, if any, on these operations is unknown at this time.

We will provide additional updates as more information is available, and we have fully assessed the impact to our employees, local infrastructure and the mill.

About WestRock

WestRock (NYSE: WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s 45,000 team members support customers around the world from more than 300 operating and business locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com

Published in North American News

WestRock Company (NYSE: WRK), a leading provider of differentiated paper and packaging solutions, has just provided an update following the landfall of Hurricane Florence.

2015 10 18 094836We are pleased that we have had no reported employee injuries and do not believe we have suffered any material physical damage to our facilities during the recent storm. We are working to restore normal operations at our facilities in the impacted region. We idled our kraft linerboard mill in Florence, South Carolina, in the middle of last week in advance of the landfall of Hurricane Florence. Yesterday, two of the three paper machines at the mill resumed operations, and we expect normal operations to resume after the transportation network in the region returns to normal.

WestRock operates an extensive network of mill and converting facilities in South Carolina, North Carolina and Virginia that were in the storm’s potential path. We incurred incremental costs in preparing these facilities and moving inventory, finished product and critical supplies in advance of the storm.  With flooding expected across the region, we may have additional increased input and operational costs and issues in our supply chain, as well as experience negative impact from disruptions at our customers’ locations. We expect to provide an estimate as to the impact on our business and financial results later this month.

About WestRock
WestRock (NYSE: WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s 45,000 team members support customers around the world from more than 300 operating and business locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com

Published in North American News

WestRock Company, a leading provider of differentiated paper and packaging solutions, has just announced that it has entered into an agreement to acquire Schlüter Print Pharma Packaging, a German-based supplier of a full range of leaflets and booklets.

2015 10 18 094836Schlüter will become part of WestRock’s Multi Packaging Solutions business.

“Schlüter has an excellent reputation as a high-quality supplier to customers in the pharmaceutical and automotive industries, and this acquisition will enable us to build our business in these growing markets,” said Marc Shore, president of WestRock’s Multi Packaging Solutions business. “It will also expand our geographical footprint to better serve customers throughout Europe.”

"We are excited about what becoming part of WestRock means for our customers and employees,” said Andreas Schlüter, owner of Schlüter Print Pharma Packaging. “We firmly believe that WestRock is well positioned to grow the business and continue developing solutions that will help our customers address the challenges they face today and in the future.”

The transaction is subject to customary closing conditions.

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    About WestRock 

    WestRock (NYSE: WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s 45,000 team members support customers around the world from more than 300 operating and business locations spanning North America, South America, Europe, Asia and Australia. Learn more at  www.westrock.com

Published in North American News
Tuesday, 09 January 2018 10:26

WestRock to Upgrade Florence, SC Mill

WestRock Company, a leading provider of differentiated paper and packaging solutions, has just announced a planned investment in its Florence, South Carolina kraft linerboard mill that will significantly increase the mill’s efficiency, quality and service levels.

2015 10 18 094836The $410 million investment over two years will include installing a 330” state-of-the-art kraft linerboard machine and related infrastructure that will replace three older, narrow-width paper machines. The company expects the new machine to produce 710,000 tons of kraft linerboard annually. In addition, the company plans to invest approximately $60 million over the next five years to support the new machine and other mill projects.

When coupled with the recently completed modern woodyard, the Florence mill will become one of the lowest cost kraft linerboard mills in North America. 

“This investment will make our Florence mill a state-of-the-art manufacturing facility, sustaining good manufacturing jobs and promoting the long-term success of the mill,” said Steve Voorhees, chief executive officer of WestRock. “The support of the Florence County Economic Development Partnership and the South Carolina Department of Commerce helped make this investment possible and is greatly appreciated.  We look forward to contributing to the Florence community for many years to come.”

“Any time a company invests in our state, it shows a commitment to our citizens that we couldn’t be more grateful for. This investment is something that South Carolina should be proud of, and we know that the future is bright for the partnership between our state and WestRock,” said Henry McMaster, governor of South Carolina.

“WestRock is not only a leader in the packaging industry, but also a respected name in South Carolina’s overall business community. Today, I’m thrilled to congratulate this great company on their continued success in the Palmetto State,” said Secretary of Commerce Bobby Hitt. 

“WestRock supports hundreds of jobs in Florence County and remains one of our top employers. We are very pleased that this industry will continue to be an important part of Florence County’s economy,” said Florence County Council Chairman Kent Caudle.

“Florence County is excited about WestRock and its investment in our area – one of the largest in recent history. This is a significant development for the people of Florence County,” said Florence County Economic Development Partnership Chairman Frank J. “Buddy” Brand.

“This new investment is an important step for Florence County in preserving jobs that support so many families in our community, and is evidence that companies that come to Florence stay in Florence. I’m very pleased that this project will help sustain the significant economic progress that Florence has made in recent years,” said South Carolina Senate President Pro Tempore Hugh K. Leatherman.

The new linerboard machine will be housed in a building adjacent to the existing complex, and the company expects production on the new linerboard machine and the shutdown of the three existing machines to occur in the first half of calendar 2020.

About WestRock 
WestRock (NYSE:WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s 45,000 team members support customers around the world from more than 300 operating and business locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com

Published in North American News

WestRock Company (NYSE:WRK) has just announced that it has completed its previously announced acquisition of substantially all of the assets of Plymouth Packaging, Inc. (“Plymouth”). Plymouth is a corrugated packaging company that derives approximately 70% of its sales from its “Box on Demand” systems and corrugated fanfold, and 30% from traditional corrugated box packaging.

2015 10 18 094836This acquisition represents WestRock’s entry into the growing on-demand corrugated packaging market that serves many e-commerce and other custom-packaging applications. The market-leading “Box on Demand” systems are located on the customers’ sites and use fanfold corrugated to produce custom, on-demand corrugated packaging that is accurately sized for any product type according to the customer’s specifications.

“We are pleased to welcome the Plymouth team to WestRock,” stated Jeff Chalovich, president, Corrugated Packaging, WestRock. “The addition of Plymouth Packaging and the “Box on Demand” capabilities furthers our differentiated packaging and packaging machinery strategies, and we look forward to growing this business in our portfolio.”

In addition to the market expansion opportunity represented by this acquisition, WestRock intends to fully integrate the nearly 60,000 tons of containerboard used annually by Plymouth Packaging and expects additional containerboard integration opportunities as the Company serves the growing on-demand packaging market.

About WestRock

WestRock (NYSE:WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s 45,000 team members support customers around the world from more than 300 operating and business locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com

Source: WestRock Shared Services, LLC

Published in North American News

WestRock Company (NYSE:WRK), a leading provider of differentiated paper and packaging solutions, has just announced that it has entered into agreements to acquire substantially all of the assets of Plymouth Packaging, Inc. (“Plymouth”). Plymouth is a corrugated packaging company that derives approximately 70% of its sales from its “Box on Demand” systems and corrugated fanfold, and 30% from traditional corrugated box packaging.

2015 10 18 094836Plymouth’s market-leading “Box on Demand” systems are located on the customer’s site and use fanfold corrugated to produce custom, on-demand corrugated packaging that is accurately sized for any product type according to the customer’s specifications. Fanfold corrugated is continuous corrugated board, folded periodically to form an accordion-like stack of corrugated material. Plymouth installs “Box on Demand” machines on its customers’ sites under multi-year exclusive agreements for the fanfold corrugated supply.

Approximately 40% of the “Box on Demand” systems’ sales are to e-commerce customers, with the remaining customers serving building products, furniture and other markets. Plymouth currently supplies more than 100 customers with proprietary “Box on Demand” machines, manufactured by Panotec. As part of the transaction, WestRock will acquire Plymouth’s equity interest in Panotec and Plymouth’s exclusive right to distribute Panotec’s equipment in the United States and Canada.

The acquisition of Plymouth will further integrate the company’s containerboard system. WestRock currently provides one-third of the nearly 60,000 tons of containerboard used by Plymouth annually, and intends to fully integrate these tons after the transaction closes. WestRock expects additional containerboard integration opportunities as the Company serves this growing on-demand packaging market.

“The acquisition of Plymouth Packaging will further develop our innovation platform and our differentiation strategy,” said Jeff Chalovich, president of WestRock’s corrugated packaging business. “The addition of the ‘Box on Demand’ system will enhance our automated packaging systems business and WestRock’s differentiation in e-commerce and other custom applications where on-site box making is needed. The acquisition will improve our margin profile, our growth prospects in our corrugated packaging business and move us closer to our goal to be 80% integrated.”

Plymouth was founded in 1991 by Paul Magnell and is currently owned by the Magnell family. Greg Magnell is currently the president of the company and will continue in his leadership role following the closing of the transaction.

“We are excited to become part of WestRock and believe there is a strong cultural fit with our two organizations,” said Greg Magnell. “The combination provides access to a much broader geographic footprint and significant additional resources that will help this business continue to grow and serve our customers.”

The transaction includes Plymouth’s fanfold corrugated facilities in Battle Creek, Michigan; Ft. Worth, Texas; and Mechanicsburg, Pennsylvania; and all of the company-owned “Box on Demand” machines located in customers’ facilities. The transaction is subject to customary closing conditions.

About WestRock
WestRock (NYSE:WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s 45,000 team members support customers around the world from more than 300 operating and business locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com

Source: WestRock Shared Services, LLC

Published in North American News

WestRock Company (NYSE:WRK) has just announced plans to build a new corrugated box plant in the Brazilian state of Sao Paulo to meet growing demand from WestRock’s regional customers in South America.

2015 10 18 094836“WestRock’s corrugated packaging business in Brazil continues to perform well, with strong relationships with customers in attractive growth markets,” said Steve Voorhees, chief executive officer, WestRock. “Our new corrugated packaging plant will enable our exceptional team in Brazil to serve these customers even better in the future, with a state-of-the-art manufacturing facility that will provide new capabilites and efficiences for our customers, and to further integrate the containerboard that we manufacture in Brazil.”

The new facility will be located in Porto Feliz and will serve all industry segments and markets both in the highly developed Sao Paulo region, as well other growing areas in Brazil’s southeast region. Construction is expected to begin later this year and be completed in mid-2019. 

About WestRock

WestRock (NYSE:WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s 45,000 team members support customers around the world from more than 300 operating and business locations spanning North America, South America, Europe, Asia and Australia. Learn more at www.westrock.com

Source: WestRock Shared Services, LLC

When completed, the Porto Feliz plant will replace the company’s existing Brazilian corrugated operations in Valinhos. The plant will be integrated with the forestry and paper production operations of the Três Barras (Santa Catarina) mill and will increase the consumption of the mill’s virgin fiber HyPerform corrugated paper, WestRock’s high-performance paper line.

Published in South American News

WestRock Company (NYSE:WRK) has just announced that it has entered into agreements to acquire substantially all of the assets of Island Container Corp. and Combined Container Industries LLC, which together are independent producers of corrugated boxes, sheets and point-of-purchase displays.

2015 10 18 094836The assets to be acquired include a corrugator and the corrugated converting operations located in Wheatley Heights, New York, and certain related fulfillment assets located in Saddle Brook, New Jersey.

“Island Container and Combined Container have longstanding relationships with customers in cosmetic, pharmaceutical and food markets in the Northeastern United States, and we look forward to continuing these relationships,” said Steve Voorhees, chief executive officer of WestRock. “This acquisition will enable us to integrate more than 80,000 tons of containerboard into our corrugated packaging business.”

WestRock will pay total consideration representing an EBITDA multiple of less than 4.5 times on a post-synergy basis. The consideration will be made in cash. The transaction is subject to customary closing conditions.

About WestRock

WestRock (NYSE:WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s 45,000 team members support customers around the world from more than 300 operating and business locations spanning North America, South America, Europe and Asia. Learn more at www.westrock.com

Published in North American News

WestRock Company (NYSE:WRK) have just announced that it has completed the acquisition of certain operations of U.S. Corrugated, a large independent manufacturer of corrugated products for packaging and displays.

2015 10 18 094836WestRock acquired five corrugated converting facilities in Ohio, Pennsylvania, and Louisiana from U.S. Corrugated, through which it provides a comprehensive suite of products and services to customers in a variety of end markets, including food & beverage, pharmaceuticals and consumer electronics.

The five facilities will operate as part of WestRock’s Corrugated Packaging segment.  WestRock intends to integrate 105,000 tons of containerboard converted annually by the acquired facilities and another 50,000 tons under a long-term contract with a newly created company formed from the remaining assets of U.S. Corrugated. The transaction is expected to be accretive to earnings in year one.

About WestRock
WestRock (NYSE:WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s 45,000 team members support customers around the world from more than 300 operating and business locations spanning North America, South America, Europe and Asia. Learn more at www.westrock.com.

Source: WestRock Shared Services, LLC

Published in North American News

WestRock Company (NYSE:WRK), a leading provider of differentiated paper and packaging solutions, have just announced the completion of the acquisition of Multi Packaging Solutions International Limited (NYSE:MPSX) (MPS).

2015 10 18 094836WestRock refinanced MPS debt as part of the transaction.

“I am excited about our acquisition of MPS, which is an important step in the continuing development of WestRock,” said Steve Voorhees, chief executive officer of WestRock. “MPS is a leader in the value-added packaging sector, and the addition of MPS to WestRock strengthens our differentiated portfolio of paper and packaging solutions.”

About WestRock
WestRock (NYSE:WRK) partners with our customers to provide differentiated paper and packaging solutions that help them win in the marketplace. WestRock’s 45,000 team members support customers around the world from more than 300 operating and business locations spanning North America, South America, Europe and Asia. Learn more at www.westrock.com.

Published in North American News
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