WestRock Completes Acquisition Of Grupo Gondi In Mexico Atlanta, Georgia based WestRock announced that it has completed the acquisition of the remaining interest in Gru- po Gondi for $970 million plus the assumption of debt. The transaction is immediately accretive to earnings, subject to customary purchase price allocations. The acquisition of Grupo Gondi includes four paper mills, nine corrugated packaging plants and six high graph- ic plants throughout Mexico that produce sustainable packaging for a wide range of end markets in the region. This acquisition will enhance the company’s position in the growing Latin American containerboard, paperboard and consumer and corrugated packaging markets. “We are pleased to welcome the Grupo Gondi team to WestRock,” said David Sewell, the President and CEO of WestRock. “The addition of Grupo Gondi’s operations in Mexico enables us to better serve the Latin American mar- ket with our broad portfolio of paper and packaging solu- tions. The capability and expertise that this team brings to WestRock will help us continue to provide complete pack- aging solutions for our customers.” WestRock is the second largest American packaging company. It is one of the world’s largest paper and pack- aging companies with $15 billion in annual revenue and 42,000 employees in 30 countries around the world.
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December 19, 2022
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