What happened to Smurfit-Stone Container?
Smurfit-Stone Container Corp., whose Chicago-area roots trace back to 1926, will leave the city behind as a headquarters now that the company is being acquired by RockTenn Co. in a $3.5 billion cash-and-stock deal.
Who bought Smurfit-Stone?
RockTenn Co
NEW YORK (Reuters) – Packaging and paper company RockTenn Co has agreed to buy bigger rival Smurfit-Stone Container Corp for $3.5 billion in cash and stock seven months after Smurfit emerged from bankruptcy with less debt and higher profit potential.
Is Stone Container still in business?
Smurfit-Stone Container Corporation was a global paperboard and paper-based packaging company based in Creve Coeur, Missouri, and Chicago, Illinois, with approximately 21,000 employees. Rock-Tenn bought the company in a $3.5 billion deal that closed in May 2011. Rock-Tenn is now known as WestRock.
Who owns Stone Container?
RockTenn
Smurfit-Stone Container/Parent organizations
Did WestRock buy Smurfit?
On May 27, 2011, Rock-Tenn, now WestRock, completed its $3.5 billion takeover of Smurfit-Stone Container Corp.
What did WestRock used to be called?
RockTenn was an American paper and packaging manufacturer based in Norcross, Georgia. In 2015, it merged with MeadWestvaco to form the WestRock company. It was one of North America’s leading producers of corrugated and consumer packaging and recycling solutions, with annualized net sales of approximately $10 billion.
When was Smurfit founded?
December 2005
Smurfit Kappa Group/Founded
Does Roger Stone own Stone Container?
Founded in 1926 by Roger Stone’s father, Marvin, and two uncles, Stone Container converted linerboard and containerboard it produced into cardboard boxes and made paper bags out of kraft paper. Roger succeeded his uncle as president in 1975 and became CEO in 1979.
Who is CEO of Smurfit Kappa?
Anthony Smurfit (Sep 1, 2015–)
Smurfit Kappa Group/CEO