Mergers are nothing new for WestRock, a corrugated packaging company that makes products ranging from pizza boxes to ice cream cartons to medicine containers. The Fortune 500 company resulted from a 2015 merger between MeadWestvaco and RockTenn.
With roots dating back to 1934, Smurfit Kappa is also the product of a merger. Jefferson Smurfit, a maker of cardboard boxes and packaging materials for the Irish market, merged with its Dutch competitor Kappa Packaging in 2005. Smurfit Kappa was nearly acquired in 2018 by International Paper for 8.9 billion Euros, but the deal fell apart.
ExploreHow many Fortune 500 companies does Georgia have?
Tony Smurfit, the CEO of Smurfit Westrock, said combining the two packaging behemoths will expand their reach to 40 countries and support more than 100,000 employees.
“Combining Smurfit Kappa and WestRock creates a world-leading sustainable packaging player, bringing together a tremendous depth of experience and expertise from both companies,” said Smurfit Westrock CEO Tony Smurfit in a news release. “We believe that this combination has created the ‘go-to’ leader and partner of choice in sustainable packaging.”
Georgia is one of America’s largest logistics hubs, boasting the world’s busiest airport, multiple coastal ports and several Fortune 500 companies across the shipping, trucking and packaging industries. Packaging companies in metro Atlanta include UPS, Graphic Packaging and Veritiv, which announced last year it was purchased by a private equity firm in a $2.3 billion transaction.
Atrium Health, the biggest North Carolina hospital system operator, appears ready to expand on its substantial Georgia presence.
SANDY SPRINGS, Ga. — The chief economist for the Metro Atlanta Chamber says indications point to a more stable economy, and Georgia is positioned to reap the benefits.
Earlier this week, CNN launched a digital paywall in a major strategic shift to its business strategy.
ATLANTA — A wild break-in was caught on camera in Buckhead.
ATLANTA, Ga. (Atlanta News First) - Business owners hoping to open their new showroom in Holly Springs next week are instead picking up after a fire destroyed their building.
Elijah Nouvelage | Bloomberg | Getty ImagesSouthwest Airlines is planning to reduce service to and from Atlanta next year, cutting more than 300 pilot and flight attendant positions, according to a company memo seen by CNBC.
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