WestRock has today announced that it is expanding its consumer packaging portfolio with the acquisition of Hannapak for AUD 75 million ($60 million).
As one of Australia’s leading providers of folding cartons to the food, beverage and healthcare markets, Hannapak will allow WestRock to boost its production in the region. The US company expects to generate significant synergies with its current business, including the integration of its paperboard into the Hannapak system.
Sydney-based Hannapak converts approximately 30,000 tons of paperboard into folding cartons, including for WestRock’s beverage packaging customers. The business is led by Sam Hanna, who joins WestRock and will continue to lead the acquired operations.
WesRock CEO Steve Voorhees praised Hannapak on its customer service, stating: “We have a strong relationship with the company and the Hanna family based on an 18-year partnership as one of our key converting partners in the region, and we are excited about the clear cultural and operational fit between the two companies.
“This acquisition expands our geographic footprint to better serve global and local customers, and will enable us to improve WestRock’s beverage packaging business in the region while expanding our participation to a variety of other attractive end markets.”
WestRock was formed in 2015 following the merger of packaging leaders MeadWestvaco Corporation and Rock-Tenn Company.
© FoodBev Media Ltd 2019