Mead Westvaco-RockTenn combination now adds $190 million Cenveo Packaging business.
David Savastano, Editor12.14.15
What a difference a year makes.
A year ago, RockTenn and Mead Westvaco were two separate, sizable packaging businesses.
As 2015 opened, RockTenn was the fifth-largest packaging company, with $9.9 billion in sales in 2014; 72% of its sales were in the corrugated market. MWV was the 14th largest, with sales of $5.6 billion, 78% of which were in the consumer packaging segment.
On Jan. 26, 2015, these two companies announced a merger, forming WestRock. Combined, they would have net sales of more than $15 billion, making WestRock the second-largest corrugated and consumer packaging manufacturer, behind International Paper. The transaction closed on July 1, 2015.
One would think it would take a lot of time to merge the operations together, suggesting that WestRock would remain fairly quiet in terms of further financial moves. However, the news that WestRock acquired Cenveo’s packaging business on Dec. 10 for $105 million suggests otherwise.
Cenveo’s packaging busin
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