July 1, by the qualifying breakdown of the formation of the second and third two large leading packaging enterprises MeadWestvaco (Mei Dewei Shiwei grams) and Rock-Tenn with WestRock officially began operation, shares in the two companies also completed the merger. After the merger of MeadWestvaco shareholders will hold a new company 50.1% stake in, the shareholders of the Rock-Tenn will have remaining equity.
On 26 January 2015, two packaging giant announced the merger, create a scale second only to the international paper company's market capitalisation of $160 billion global packaging company, after half a year of restructuring, the two companies eventually merged.
Learned from the company's official website, after the merger of WestRock:
1, after the merger of company WestRock will have 42000 employees. In North America, South America, Europe, Asia and the Pacific have 275 production base and throughout the global operations center, laboratory, sales outlets, with an annual output value of up to $150 billion.
2, the annual sales of 12300000 tons of paper, after the international paper.
3, the supply of 50% of the North American pizza box, the production of 6000000000 drinks, more than 2 of the liquid soap foam pump.
4, in the world has 2400 authorized patents.
7000000, the annual recovery of 5 tons of waste paper.
It is worth noting that, MeadWestvaco (the virtue of Victoria) and Rock-Tenn's predecessor is also developed through continuous consolidation. 1973, City Rock packaging and Tennessee paper mills merged into Rock-Tenn. In 2011, Tenn - Rock to approximately $3500000000 acquisition of Smurfit-Stone company, became the second largest paper packaging company in North america. MeadWestvaco is also the merger of Mead and Westvaco in 2002. 2015, the two big Mac again chose to merge.
Westvaco company after the merger of four, and gradually grow into the world's second largest paper giants, to the Chinese packaging industry is facing a reshuffle to bring some inspiration. Through the merger, to achieve complementary resources, optimize the combination of personnel, production base and sales service network full coverage, in the case of a substantial increase in market share to enhance the bargaining power of the product.
