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Smurfit Westrock’s paper pallet wrap set to drive down supply chain emissions
Smurfit Westrock has produced a 100% paper-based alternative to the polyethylene stretch wrap which is commonly used to stabilise pallet loads in transportation. The innovative new solution is made from Nertop® Stretch Kraft paper which is fully recyclable. Its capabilities also include high energy absorption and strong performance in humid conditions. The pallet wrap is the latest addition to Smurfit Westrock’s Better Planet Packaging Portfolio which seeks to reduce the environmental impact of packaging.
Encirc, a leading glass supplier which manufactures over three billion containers annually, was the first company in the UK to use the new paper wrap. The company named Smurfit Westrock as Sustainability Champion at its partnership day in September in recognition of the big step forward that using the paper wrap represents.
Smurfit Kappa and WestRock Announce Transaction to Create a Global Leader in Sustainable Packaging
Smurfit Kappa and WestRock to combine, creating Smurfit WestRock, a global leader in sustainable packaging with unparalleled scale, quality, product and geographic diversity. Both companies have complementary portfolios with unique product diversity and innovative sustainability capabilities, with breadth and depth across renewable, recyclable and biodegradable packaging solutions. Discussions between the parties remain ongoing regarding the Potential Combination. Smurfit Kappa and WestRock are engaged in a mutual due diligence process. The definitive terms and conditions of any transaction will be set out in a further announcement.
The Transaction will involve the creation of a new holding company for the combined Smurfit WestRock. Smurfit WestRock will be incorporated and domiciled in Ireland with global headquarters in Dublin, Ireland and its North and South American operations will be headquartered in Atlanta, Georgia. Subject to shareholder approvals, regulatory approvals and other customary closing conditions, the Combination is expected to close in the second quarter of calendar year 2024.
Under the terms of the Agreement, for each share of common stock of WestRock the common stockholders of WestRock will receive one new Smurfit WestRock share and $5.00 in cash.