Smurfit Kappa has closed its transaction to acquire WestRock. Smurfit WestRock now becomes one of the world’s largest packaging companies.
Smurfit Kappa shares will be delisting from the premium segment of London’s Main Market. The combined firm, Smurfit WestRock PLC, will have standard London listing, surrendering FTSE 100 status.
Former Smurfit Kappa executives fill out the lion’s share of top executive positions at the new company. Tony Smurfit, previously the CEO of Smurfit Kappa, assumed the top spot. Similarly, Smurfit Kappa’s CFO Ken Bowles assumed the same position at the new company.
WestRock CEO David Sewell will depart, stating that he “committed to not disclosing his next endeavor until after the deal closed.”
