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Showing 1 articles from January 26, 2015.

Industry News

Update: RockTenn and MeadWestvaco Announce Merger
Update: RockTenn and MeadWestvaco Announce Merger

Early on Monday morning, January 26, two packaging giants announced that they will meld into one and create the second-largest packaging company in the world. Rock-Tenn Co. will acquire MeadWestvaco Corp. in a cash and stock deal valued at US $9.2 billion. When the dust has settled, MeadWestvaco shareholders will hold 50.1% of the new company and Rock-Tenn shareholders will own the remaining 49.9%. This transaction will be the largest in the paper industry since Koch Industries bought Georgia-Pacific in 2005 for about $12.6 billion. The new company, which will be named later, with be second in size only to International Paper, world packaging leader.

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