
The Smurfit Westrock logo has undergone significant changes over the years, reflecting the company's evolution and growth.
In 2019, Smurfit Kappa merged with WestRock to form Smurfit Westrock, creating a global leader in the packaging industry.
This merger marked a new era for the company, with a combined portfolio of innovative packaging solutions.
The Smurfit Westrock logo now represents a unified brand, with a strong presence in over 40 countries worldwide.
Smurfit Kappa History
Smurfit Kappa was founded as a box-maker in Dublin, Ireland in 1934. The company was initially based in the Rathmines area.
It was bought by Jefferson Smurfit in 1938 and traded under his name. This marked a significant turning point in the company's history.
Jefferson Smurfit was listed on the Irish Stock Exchange in 1964, allowing the company to expand its operations. He also acquired a partial interest in Time Industries, a Chicago-based paper and packaging company, in 1974.
The company continued to grow under the leadership of Sir Michael Smurfit, who became CEO in 1977. He played a crucial role in shaping the company's future.
Smurfit Kappa Back-Story
Smurfit Kappa was founded as a box-maker in the Rathmines area of Dublin, Ireland, in 1934.
The company was bought in 1938 by Jefferson Smurfit, who then traded under his own name.
Jefferson Smurfit listed the company on the Irish Stock Exchange in 1964.
In 1974, the company acquired a partial interest in Time Industries, a Chicago-based paper and packaging company.
Sir Michael Smurfit, the founder's son, became CEO in 1977.
The company merged its 46%-owned US business with Chicago-based Stone Container Corporation to form Smurfit-Stone Container Corporation in 1998.
Jefferson Smurfit was the subject of a management buyout in 2002, financed by Madison Dearborn Partners, Cinven Limited, and CVC Capital Partners.
Smurfit Kappa merged with Kappa Packaging in 2005, changing its name and was listed in an initial public offering in 2007.
In 2012, Smurfit Kappa bought Orange County Container, a US-based packaging company, for US$340m.
The company acquired two Brazilian companies in 2016 for US€186m.
Smurfit Kappa Acquisition Story
Smurfit Kappa's acquisition of WestRock was a significant event in the company's history. It all started in June 2018 when International Paper dropped its bid to acquire Smurfit Kappa after the latter rejected two attempts.
Smurfit Kappa initiated discussions with WestRock about a potential business combination in June 2019. This marked the beginning of a long and complex process that would eventually lead to the creation of a new company.
The CEOs of Smurfit Kappa and WestRock met on January 12, 2023, to discuss a potential combination. This meeting was a crucial step in the process, as it laid the groundwork for the talks that would follow.
Here's a timeline of the key events leading up to the acquisition:
- June 2018: International Paper drops its bid to acquire Smurfit Kappa.
- June 2019: Smurfit Kappa initiates discussions with WestRock about a potential business combination.
- Jan. 12, 2023: The CEOs of Smurfit Kappa and WestRock meet and discuss a potential combination.
- Sept. 7, 2023: The companies publicly disclose that they’re in advanced talks to merge.
- Sept. 12, 2023: The companies announced they reached an agreement for a transaction expected to close by Q2 2024.
- Feb. 1, 2024: WestRock announces a revised expected deal close target of July.
- June 13, 2024: Both companies’ shareholders vote to approve the acquisition, with approximately 99% in favor.
- July 5, 2024: Smurfit Kappa completes its acquisition of WestRock to form Smurfit Westrock.
Smurfit Kappa and WestRock identified $750 million worth of businesses and assets to divest if necessary to achieve regulatory approval. However, in the end, no divestitures were required, as analysts had predicted early in the regulatory review process that the companies would not face major obstacles in advancing the deal.
Industrial Packaging
Smurfit Kappa, the parent company of Smurfit Kappa WestRock, is a leading global player in the industrial packaging market.
The company's industrial packaging solutions include corrugated packaging, paper-based packaging, and other innovative packaging materials.
Smurfit Kappa's industrial packaging products are designed to provide protection, convenience, and sustainability for a wide range of industries, including e-commerce, food and beverage, and pharmaceuticals.
The company's corrugated packaging solutions are made from 100% recycled fiber, reducing waste and promoting a more circular economy.
Smurfit Kappa WestRock's industrial packaging products are engineered to meet the specific needs of different industries, with features such as customizable designs, robust construction, and easy-to-use functionality.
The company's commitment to innovation has led to the development of new packaging materials and technologies, such as its proprietary corrugated packaging material, Pulpia.
Frequently Asked Questions
Is Smurfit Kappa bigger than WestRock?
Smurfit Kappa has a lower global capacity of 9.1 million tons compared to WestRock's 14 million tons. This means WestRock has a larger capacity than Smurfit Kappa.
What is Smurfette WestRock?
Smurfit Westrock is a global leader in sustainable paper and packaging, operating in 40 countries with a large network of facilities. It's a major player in the packaging industry, with a strong focus on sustainability and innovation.
Sources
- https://en.wikipedia.org/wiki/Smurfit_Westrock
- https://www.westrock.com/company
- https://sustainabilitymag.com/articles/about-smurfit-westrock-a-new-giant-of-sustainable-packaging
- https://www.packagingdive.com/news/smurfit-kappa-westrock-acquisition-finalized-nyse/719878/
- https://www.westrock.com/markets/industrial-packaging-solutions
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