On the Record · WestRock
WestRock acquisitions, on the record
The businesses WestRock bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
KapStone Paper and Packaging CorporationWord for word“On November 2, 2018, pursuant to the Agreement and Plan of Merger (the “ Merger Agreement ”), dated as of January 28, 2018, among WRKCo, KapStone Paper and Packaging Corporation (“ KapStone ”), WestRock Company (formerly known as Whiskey Holdco, Inc.), Whiskey Merger Sub, Inc. and Kola Merger Sub, Inc., the Company acquired all of the outstanding shares of KapStone through a transaction in which: (i) Whiskey Merger Sub, Inc. merged with and into WRKCo, with WRKCo surviving the merger as a wholly owned subsidiary of the Company and (ii) Kola Merger Sub, Inc. merged with and into KapStone, with KapStone surviving the merger as a wholly owned subsidiary of the Company (together, the “ KapStone Acquisition ”).” 10-K for 2021 | acquisition | On November 2, 2018 | — |
Summerville, SC sawmillWord for word“Net cash used for investing activities of $676.0 million in fiscal 2021 consisted primarily of $815.5 million for capital expenditures that were partially offset by $58.5 million of proceeds from the sale of the Summerville, SC sawmill, $44.9 million of proceeds from corporate owned life insurance and $29.5 million of proceeds from the sale of investments.” 10-K for 2021 | divestiture | — | $58.5 million of proceeds from the sale of the Summerville, SC sawmill |
Grupo Gondi, S.A. de C.V. (remaining 67.7% interest)Word for word“On July 27, 2022, we announced our entry into an agreement to acquire the remaining 67.7 % interest in Grupo Gondi for $ 970 million, plus the assumption of debt, representing an estimated implied enterprise value of $ 1.763 billion.” 10-K for 2022 | agreed acquisition | On July 27, 2022 | — |
Interior partitions converting operations and three uncoated recycled paperboard mills (Chattanooga, TN, Eaton, IN, and Aurora, IL)Word for word“In November 2022, we announced the planned sale of our interior partitions converting operations and three uncoated recycled paperboard mills (Chattanooga, TN, Eaton, IN, and Aurora, IL) in two transactions for a combined $380 million, subject to working capital adjustments.” 10-K for 2022 | divestiture | In November 2022 | — |
Grupo GondiWord for word“On December 1, 2022 , we completed our acquisition of the remaining 67.7 % interest in Grupo Gondi for $ 969.8 million in cash and the assumption of debt.” 10-K for 2023 | acquisition | On December 1, 2022 | $ 969.8 million in cash and the assumption of debt |
unconsolidated displays joint ventureWord for word“On June 16, 2023, we sold our ownership interest in an unconsolidated displays joint venture for $ 43.8 million in cash and recorded a pre-tax gain on sale of $ 19.3 million recorded in the Equity in income of unconsolidated entities line item in our consolidated statements of operations including a de minimis adjustment in the fourth quarter.” 10-K for 2023 | divestiture | On June 16, 2023 | $ 43.8 million in cash |
Eaton, IN, and Aurora, IL uncoated recycled paperboard millsWord for word“On December 1, 2022, we sold our Eaton, IN, and Aurora, IL uncoated recycled paperboard mills for $ 50 million, subject to a working capital adjustment.” 10-K for 2023 | divestiture | On December 1, 2022 | $ 50 million |
Smurfit Kappa Group plcWord for word“On September 12, 2023, we entered into a Transaction Agreement with Smurfit Kappa, Cepheidway Limited (to be renamed Smurfit WestRock plc), ListCo and Merger Sub.” 10-K for 2023 | agreed acquisition | On September 12, 2023 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-09-30 | $376.4 million | — |
| 2017-09-30 | $1.59 billion | $1.05 billion |
| 2018-09-30 | $239.9 million | $89.2 million |
| 2019-09-30 | $3.37 billion | $1.75 billion |
| 2022-09-30 | $7 million | $3.2 million |
| 2023-09-30 | $853.5 million | $237.4 million |
Deal filings since 2016
- 2024-07-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-07-09 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2023-09-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-09-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-09-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-09-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-03-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-07-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-06-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-11-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-09-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-05-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-12-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-12-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-11-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-11-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
Read from WestRock’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2023-11-17. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.