$WRK (WestRock Company)

$WRK {{ '2016-04-04T04:42:21+0000' | timeago}} • Announcement

Corrugated packaging company $WRK and Grupo Gondi announced they have completed a JV combining their Mexican paper and packaging operations. The merger was approved by Mexicoâ??s Antitrust Authority, the COFECE, and the companies will start operating in Mexico as a single entity immediately.

$WRK {{ '2018-01-17T18:04:33+0000' | timeago}} • Announcement

$WRK has named James Armstrong as Vice President, Investor Relations. Most recently, Armstrong covered the paper, packaging and building materials industry through his own investment research firm. Prior to this, he was Vice President and Chief Technology Officer of Vertical Research Partners.

$WRK {{ '2018-01-08T12:11:46+0000' | timeago}} • Announcement

$WRK completed the previously announced acquisition of Plymouth Packaging, Inc., a corrugated packaging company. This latest acquisition represents $WRK's entry into the corrugated packaging market. Financial details of the deal remained undisclosed.

$WRK {{ '2017-12-12T14:21:04+0000' | timeago}} • Announcement

$WRK agreed to acquire substantially all the assets of corrugated packaging company Plymouth Packaging, Inc. The transaction includes Plymouth’s fanfold corrugated facilities in, Michigan, Texas and Pennsylvania, and all the company-owned Box on Demand machines located in customers’ facilities. The deal is subject to customary closing conditions.

$WRK {{ '2017-11-16T17:50:48+0000' | timeago}} • Infographic

$WRK WestRock Company earnings AlphaGraphic: Q4 2017 Highlights

$STI {{ '2017-11-16T14:19:03+0000' | timeago}} • Announcement

$STI appointed $WRK CEO Steve Voorhees to the company's BoD, effective Jan. 1, 2018. Voorhees has served in various executive leadership roles, including President and COO; EVP and CFO; and CAO at WestRock and a predecessor RockTenn.

$WRK {{ '2017-08-22T12:09:20+0000' | timeago}} • Announcement

$WRK has priced $500MM aggregate principal amount of 3.00% senior notes due 2024 and $500MM aggregate principal amount of 3.375% senior notes due 2027. The company intends to use the net proceeds of the offering to repay approx. $990MM of indebtedness. The offering is expected to close on Aug. 24, 2017.

$WRK {{ '2017-08-01T15:04:27+0000' | timeago}} • Announcement

$WRK expanded its consumer packaging portfolio with the acquisition of Hanna Group Pty Ltd for AUD$75MM (approx. US$59.8MM) purchase price, to be paid in cash. Hanna Group is a provider of folding cartons to a variety of markets in Australia. $WRK expects to generate significant synergies with its current business in the region.

$WRK {{ '2017-07-28T18:08:53+0000' | timeago}} • Announcement

The board of $WRK declared a regular quarterly dividend of $0.40 per share on its common stock, payable on Aug 21, 2017 to stockholders of record as of Aug 11, 2017.

$WRK {{ '2017-07-17T20:42:46+0000' | timeago}} • Announcement

$WRK completed its acquisition of the assets of Island Container Corp. and Combined Container Industries LLC, which together are independent producers of corrugated boxes, sheets and point-of-purchase displays.

$WRK {{ '2017-06-21T20:35:32+0000' | timeago}} • Announcement

$WRK has agreed to acquire the assets of Island Container Corp. and Combined Container Industries LLC. $WRK will pay total consideration representing an EBITDA multiple of less than 4.5 times on a post-synergy basis. The consideration will be made in cash. The transaction is subject to customary closing conditions.

$WRK {{ '2017-06-09T19:00:33+0000' | timeago}} • Announcement

$WRK acquired five corrugated converting facilities in Ohio, Pennsylvania, and Louisiana from US Corrugated. The five facilities will operate as part of $WRK’s Corrugated Packaging segment. The transaction is expected to be accretive to earnings in year one.

$WRK {{ '2017-06-06T15:48:50+0000' | timeago}} • Announcement

$WRK completed acquisition of $MPSX. $WRK refinanced $MPSX debt as part of the transaction.

$WRK {{ '2017-05-24T15:30:04+0000' | timeago}} • Announcement

$WRK entered into a definitive agreement to acquire certain operations of U.S. Corrugated, an independent manufacturer of corrugated products for packaging and displays, for about $192MM in a combination of cash and WestRock stock. The transaction is expected to be accretive to earnings in year one, and is expected to close in June 2017.

$WRK {{ '2017-04-26T11:02:46+0000' | timeago}} • Announcement

$WRK's segment income for 1Q17 increased by $25MM from last year. The increase was primarily due to an increase in the Land and Development segment and a rise in the Consumer Packaging segment, partially offset by a decrease in the Corrugated Packaging segment.

$WRK {{ '2017-04-26T10:58:35+0000' | timeago}} • Announcement

$WRK reported a jump in 2Q17 earnings driven by favorable pricing and demand trends along with its unique portfolio of products and capabilities. Net income rose to $103.1MM or $0.40 per share from $56.9MM or $0.22 per share last year. Sales grew to $3.66Bil from $3.49Bil. Adjusted EPS for the latest quarter was $0.54.

$WRK {{ '2017-04-21T12:29:09+0000' | timeago}} • Announcement

$WRK's BoD declared a regular quarterly dividend of $0.40 per share on its common stock. The dividend is payable on May 15, 2017 to stockholders of record as of the close of business on May 5, 2017.

$SLGN {{ '2017-04-07T11:03:35+0000' | timeago}} • Announcement

$SLGN completed its acquisition of the dispensing systems business of $WRK. The acquisition price was $1.025Bil. $SLGN funded the purchase price for this acquisition through term and revolving loan borrowings under its senior secured credit facility, including a $800MM delayed draw term loan.

$WRK {{ '2017-01-27T17:34:51+0000' | timeago}} • Announcement

$WRK's BoD declared a regular quarterly dividend of $0.40 per share on its common stock. This dividend is payable on Feb. 20, 2017 to stockholders of record on Feb. 10, 2017.

$WRK {{ '2017-01-24T12:26:20+0000' | timeago}} • Announcement

$WRK agreed to buy $MPSX for $18 per share in cash and assumption of an estimated $873MM in net debt, for a total enterprise value of $2.28Bil. The acquisition is expected to be immediately accretive to $WRK's results, both on an EPS basis and cash flow basis, inclusive of purchase accounting adjustments.The transaction will close in $WRK's 3Q17.

$SLGN {{ '2017-01-23T16:00:38+0000' | timeago}} • Announcement

$SLGN will acquire $WRK’s specialty closures and dispensing systems business for $1.025Bil. The transaction is expected to close late 1Q17. The deal is expected to be accretive to earnings and $SLGN expects to realize operational cost synergies of $15MM within 24 months following the deal. $SLGN expects to fund this through cash and borrowings.

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