RockTenn-MWV merger to create packaging powerhouse
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RockTenn, a provider of packaging options and a manufacturer of containerboard and paperboard, and MeadWestvaco, a packaging company that provides options to brands in the healthcare, beauty and personal care, food, beverage, home and garden, tobacco and agricultural industries, have agreed a merger that will create a ‘more powerful company with leadership positions in the global consumer and corrugated packaging markets.
Under the terms of the agreement, the ownership of the new company, which is to be named before the transaction closes and will have combined net sales of 15.7 billion USD, will be split between MeadWestvaco (50.1 percent) and RockTenn (49.9 percent) shareholders.
The transaction is due to close in the second calendar quarter of 2015.
Source: www.labelsandlabeling.com
