Multi Packaging Solutions – Acquisition by WestRock for USD 2.28 billion
USA • WestRock acquires Multi Packaging Solutions for USD 2.28 billion. According to Reuters the company has signed a definitive agreement for this deal. Marc Shore from WestRock Co and Dennis Kaltman, president at MPS, will join WestRock as part of transaction.
The deal is set to be for USD 18.00 per share and will be financed through a combination of cash on hand and existing credit facilities. It is further expected that this deal will generate a USD 85 million company n run-rate synergies by end of fiscal 2019.
Multi Packaging Solutions is a global supplier of print-based specialty packaging products. With about 59 locations worldwide (Europe, Asia, North Amercia) the company is a large company within the label industry.