WestRock Completes Acquisition of Plymouth Packaging

WestRock Company (NYSE:WRK) today 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.

This 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.
http://ir.westrock.com/press-releases/press-release-details/2018/WestRock-Completes-Acquisition-of-Plymouth-Packaging/default.aspx

Related Posts

Tetra Pak and Lund University launch new research hub to develop future food and material innovations

Tetra Pak and Lund University have announced the launch of Biotech Heights, a new research hub that will explore food and materials production using bioprocessing to create useful products from living cells or cell components. Biotech Heights will establish an open innovation environment, in which all participating organisations will have access to world leading laboratories and equipment for both commercial and academic purposes. In addition, participants will have the opportunity to work alongside several faculties at the University to address both the technical and non-technical challenges facing producers, brands, and manufacturers operating in this space. This, combined with Tetra Pak’s experience supporting food and beverage brands with product development, will make Biotech Heights a space to nurture and test ideas, and collaborate to share knowledge on best practices and consumer trends.

Metsä Board will not invest in the Kaskinen folding boxboard mill

Metsä Board announced on 15 September 2022 that it will start pre-engineering for a new folding boxboard mill in Kaskinen, Finland. The pre-engineering has now been completed and Metsä Board has decided not to proceed with the investment in the Kaskinen folding boxboard mill. The total cost of the planned investment was significantly higher than originally estimated, meaning that the targets for payback time and return on capital employed would not have been met. Metsä Board has decided to launch programmes for new product options as well as growth and development investments at its existing mills in order to implement its strategy to grow in fibre-based packaging materials and renew its industrial operations. The programmes will support Metsä Board's target of fossil-free production by the end of 2030. In addition, the company will continue to develop packaging solutions that reduce the use of plastics.

Paper & Packaging – How Life Unfolds® launches characters for campaign

The Paper & Packaging – How Life Unfolds® campaign revealed two new animated characters to further strengthen consumer connection to paper and packaging. The new industry brand ambassadors are a springboard for inspiring creativity, connection and achievement–qualities consumers around the world appreciate when using paper and paper-based packaging products. “Paper and packaging products are prevalent in our lives, and it was our goal to create highly-relatable characters to represent the vital roles that paper and packaging play for each and every one of us,” shares Mary Anne Hansan, president of the Paper and Packaging Board. “We launched the Paper & Packaging – How Life Unfolds® campaign in 2015, and we are thrilled to introduce these new characters to help consumers nationwide recognize and remember the value of paper in their everyday lives.” Click Read More below for additional information.
Back To Top
×Close search
Search