WestRock Company announced that it has completed the acquisition of Cenveo Packaging, a leading provider of value-add folded carton and litho-laminated display packaging solutions. Cenveo Packaging is a division of Cenveo, Inc. (NYSE:CVO).
Through this transaction, WestRock has acquired seven facilities in North America with capabilities including MiraFoil ®, cold foil and low migration ink systems.
“Cenveo Packaging is an excellent addition to our folding carton and merchandising displays business,” said Craig Gunckel, executive vice president, Merchandising Displays and Folding Carton, Packaging Solutions, WestRock. “By combining WestRock paperboard with Cenveo’s packaging and printing capabilities, we expect to be able to further enhance the solutions that we are able to provide to our customers.”
The transaction is expected to generate significant synergies and be accretive to WestRock’s earnings immediately.