Capstone Partners 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.
