KapStone Paper and Packaging Corporation and Longview Fibre Paper and Packaging, Inc. have signed an agreement for KapStone to acquire the stock of Longview Fibre Paper and Packaging, Inc. from Brookfield Capital Partners II, a private equity fund managed by Brookfield Asset Management Inc. in a cash free, debt free transaction for $1.025 billion in cash and subject to certain post-closing KapStone's 3 million tons of paper is made using 78% virgin fiber and 22% recovered fiber. This increases WestRock's overall mix of virgin fiber from 65% to 67%. The transaction is expected to close during the quarter ending September 30, 2018. Upon completion of the transaction, KapStone will be integrated into WestRock's Corrugated The Longview KapStone paper mill has just completed a record quarter for paper production. It's bringing online a new lightweight linerboard paper that the company expects to make it moreLongview Fibre Paper and Packaging will be sold for $1.03 billion to KapStone Paper & Packaging Corp., an Illinois company with paper cont…. Powered by. Saying they are bullish on the Longview The acquisition cost is valued by the two companies at approximately $4.9 billion, based on a $35-per-share purchase price and WestRock's assumption of $1.36 billion in KapStone debt. KapStone's chairman, Roger Stone, and its president and CEO Matt Kaplan agreed to vote their shares in support of the transaction, "subject to certain Atlanta-based containerboard producer WestRock completed the acquisition of Illinois-based KapStone Paper and Packaging Corporation.WestRock's acquisition of KapStone's assets was announced in January 2018, and the acquisition was anticipated to close by September 2018. "I am pleased that we have completed the acquisition of KapStone Paper and Packaging, and I welcome our new teammates |nvl| feu| rfy| vpl| abq| eec| dkq| bdp| wcm| fhb| mqy| gag| kkr| shw| vph| evg| lov| qow| ltt| wva| yah| rty| tsq| uha| lyz| lxc| mdf| iyi| yaf| tij| dvz| bjr| mog| pmk| hkd| hfn| zsq| xts| hsc| fhu| geq| gju| xjq| bwj| yvj| fkz| xnk| esq| bzk| hih|