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Eversheds Sutherland wraps up billion dollar deal for WestRock

  • Netherlands

    13-04-2017

    Eversheds Sutherland (International) completes $1.025 billion disposal of WestRock Company’s home, health and beauty division to Silgan Holdings Inc. NYSE listed WestRock is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. With 39,000 employees, it operates from 250 sites located in in Canada, Mexico, South America, Europe and Asia. The consideration was for $1.025 billion cash plus the assumption of approximately $25 million in foreign pension liability.

    The home, health and beauty division designs and produces dispensing systems and containers for the global home care, lawn and garden, personal care, beauty, fragrance and healthcare markets.  WestRock is now concentrating its business model on core paper and packaging solutions and this is just one of the steps which they are taking in delivering this part of their wider strategy.

    Client Partner and Head of the Manchester Corporate Team, Simon Masters, comments:

    “We are delighted to have advised WestRock, a client with whom we have a long-standing relationship, on this transaction. We look forward to continuing to provide WestRock with the international support they require as they continue to fulfil their wider strategic objectives."

    The Eversheds Sutherland team was led by Nicola Brookes and Lucie Alker with support from a number of international Eversheds Sutherland offices including Christof Lamberts and Benjamin Boehning in Germany, Philippe Despres and Guillaume Talneau in France, Jack Cai and Liping Peng in China, Marcello Floris, Giulia Bramanti and Christian Prencipe from Italy, Rob Faasen and Jonathan Talacko from Netherlands and Carlos Peman, Roman Pazos and David Williams from Spain.

     

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