- TM Capital served as financial advisor to WestRock Company (NYSE:WRK) in its acquisition of SP Fiber Holdings, Inc. for $288.5 million
- SP Fiber is a producer of recycled containerboard and kraft and bag paper with mills located in Dublin, Georgia, and Newberg, Oregon
- WestRock also acquired SP Fiber’s 48 percent interest in Green Power Solutions of Georgia, LLC (GPS); GPS is a renewable energy joint venture providing energy to Georgia Power and steam to the paper mill in Dublin
- This transaction balances the fiber mix of the WestRock mill system, diversifies Westrock’s product offering and improves SP Fiber’s cost structure; the transaction also generates significant synergies
- WestRock is a leading global packaging company with 275 operating and business locations spanning North America, South America, Europe and Asia and 42,000 team members
Paper & Packaging,
Industrials
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Mergers & Acquisitions
