FMN | February 5th, 2018

An N.V. Publication FLEX

February 5, 2018

Vol. 20 No. 3

Market News

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Serving The Flexographic Printing Industry In Print and Online at www.nvpublications.com

WestRock Acquires KapStone reported by Greg Kishbaugh W estRock Co., Norcross, Georgia, has agreed to buy Kap- Stone Paper and Packaging Corp., Northbrook, Illinois, for about $3.5 billion.WestRock, reportedly the No. 2 packag- ing company behind International Paper, last year bought Multi Packaging Solutions International Ltd. and sold its division that makes soap dispensers and perfume sprayers to focus on its core paper and packag- ing businesses. The deal, which is set to close in the quarter ending September 30, is expected to immedi- ately add to WestRock’s adjusted earnings and cash flow and generate savings of about $200 million by the end of fiscal 2021, the companies said. WestRock, created in 2015 by the $16 billion merger of Mead- Westvaco and Rock-Tenn, said it expects the deal to boost mar- gins in its North American corrugated packaging business, used in the industrial and consumer end-markets. KapStone will be integrated intoWestRock’s corrugated pack- aging business. Founded in 2005, KapStone is a North American producer and distributor of containerboard, corrugated products WestRock said the deal was valued at about $4.9 billion, in- cluding assumption of KapStone’s net debt of about $1.36 billion.

Companies Commit To Package Recycling At the World Economic Forum in Davos, 11 companies have announced that they will work toward using 100 percent reusable, recyclable or com- postable packaging by 2025 or earlier. The companies include international brands Amcor, Ecover, evian, L’Oréal, Mars, M&S, PepsiCo, The Coca-Cola Company, Unilever, Walmar t, and Werner & Mertz. Making A Pledge The companies have been working with the Ellen MacArthur Foundation to hasten the transition to a circular economy. The Foundation estimates the 11 companies are responsible for six-million metric tons of plastic pack- aging each year. Separately, fast-food chain McDon- ald’s also pledged to recycle 100 per- cent of its customer’s packaging across the world by 2025. Meaningful Change “As the world’s largest restaurant company, we have a responsibility to use our scale for good to make changes

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