Smurfit WestRock's Growth Strategy Unveiled on London Stock Exchange

Smurfit Kappa Group , a leading sustainable packaging company , has officially completed its merger with WestRock , a folding paperboard box manufacturer . The merger has resulted in the delisting of Smurfit Kappa 's shares from the premium segment of the Financial Conduct Authority 's official list and Euronext Dublin 's official list . This significant development follows the approval of the merger by WestRock shareholders last month.

The agreement for the merger between Smurfit Kappa and WestRock was initially signed in September of the previous year , leading to the formation of a new entity called Smurfit WestRock . As a result of the merger , Smurfit WestRock has transitioned to the New York Stock Exchange ( NYSE ) and has commenced trading on the London Stock Exchange 's main market for listed securities . The ownership of the new entity is divided , with Smurfit Kappa shareholders holding approximately 50.4 % and WestRock shareholders owning the remaining 49.6%.

CEO Tony Smurfit expressed his excitement about the merger , describing it as a defining moment in the global packaging industry . He emphasized that the newly formed Smurfit WestRock would be the preferred packaging partner for customers , employees , and shareholders . The combined entity boasts leading assets , a global presence in paper and corrugated packaging , a strong consumer and speciality packaging business , significant synergies , and increased scale to deliver value over the short , medium , and long term.

In the first quarter of the financial year 2024 , Smurfit Kappa Group reported revenues of 2.7 billion dollars . This financial performance highlights the company 's strong position in the market following the successful merger with WestRock . The merger is expected to enhance the overall capabilities and offerings of the combined entity , enabling it to better serve its customers and stakeholders in the packaging industry.

The completion of the merger between Smurfit Kappa and WestRock marks a significant milestone for both companies . The combined entity , Smurfit WestRock , is poised to become a key player in the global packaging industry , leveraging its resources , expertise , and scale to drive growth and create value for all stakeholders . The successful integration of the two companies is expected to bring about new opportunities and synergies that will benefit the business and its customers in the years to come.