WestRock Acquires Australian Company

8/2/17

By John Reid Blackwell, Richmond Times-Dispatch

Packaging company WestRock Co. has expanded its presence in Australia with an acquisition.

The company, which has its headquarters in downtown Richmond and an administrative office in Norcross, Ga., bought Hanna Group Pty Ltd, or Hannapak, one of Australia’s leading providers of folding cartons to markets including beverage, food, confectionery and health care.

The deal, announced Tuesday, closed on Monday. WestRock said it paid 75 million Australian dollars (roughly $59.8 million based on Tuesday’s conversion rate) for the business.

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