WestRock to Acquire Remaining Interest in Grupo Gondi
July 27, 2022
WestRock Company has entered into an agreement to acquire the remaining 67.7% interest in Grupo Gondi for $970 million, plus assumed debt, valuing the implied enterprise value at about $1.763 billion. The deal is subject to regulatory approvals in Mexico and is expected to close by the end of calendar year 2022, after which WestRock will consolidate Grupo Gondi’s financial results.
- Buyers
- WestRock Company
- Targets
- Grupo Gondi
- Industry
- Packaging
- Location
- Mexico
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Smurfit Kappa and WestRock Combine to Form Smurfit Westrock plc
July 8, 2024
Packaging
Smurfit Kappa and WestRock completed their previously announced combination on July 5, 2024, creating Smurfit Westrock plc, a global paper-based packaging leader. The combined company began primary trading on the New York Stock Exchange under ticker SW and maintains a standard listing on the London Stock Exchange under ticker SWR, with approximately 100,000 employees across 40 countries.
-
GMS Acquires Westside Building Material
July 2, 2021
Building Products
GMS Inc. (NYSE: GMS) completed the acquisition of Westside Building Material for $135.0 million, funded with cash on hand and borrowings under its revolving credit facility. The purchase expands GMS’s geographic footprint across major California markets and represents its first entry into the Las Vegas market, supporting the company’s strategic growth through accretive acquisitions.
-
PaperWorks Acquires The Standard Group
June 23, 2023
Packaging
PaperWorks Industries Inc. has completed the acquisition of The Standard Group, a custom printed paperboard packaging converter with a manufacturing facility in Louisville, Kentucky. The deal adds ~120 employees and expands PaperWorks' integrated folding carton footprint and vertical integration across North America; PaperWorks is PE-backed (Gamut Capital Management).
-
Ingersoll Rand Acquires Pedro Gil and Westwood Technical
September 1, 2022
Manufacturing
Ingersoll Rand Inc. agreed to acquire Spanish blower manufacturer Pedro Gil Construcciones Mecánicas, S.L. and closed the acquisition of UK-based control and instrumentation specialist Westwood Technical Limited for a combined upfront cash purchase price of approximately $30 million. Pedro Gil (≈$15M revenue) expands Ingersoll Rand's presence in Spain and product portfolio, while Westwood Technical adds IIoT/LoRaWAN AircomTM capabilities to Ingersoll Rand's monitoring and control offerings.
-
Westlake Chemical Acquires Boral’s North American Building Products Businesses for $2.15 Billion
October 1, 2021
Building Products
Westlake Chemical Corporation agreed to acquire Boral Limited’s North American building products businesses covering roofing, siding/trim/shutters, decorative stone, and windows for $2.15 billion in an all-cash transaction. The deal was expected to close in the second half of 2021 and would nearly double Westlake’s building products business. A subsequent update says Westlake completed the acquisition.
-
Fedrigoni Group Acquires Certain Assets of Mohawk Fine Papers
February 26, 2024
Manufacturing
Fedrigoni Group has acquired certain assets of US-based Mohawk Fine Papers and integrated them into its Special Papers division. Financial terms were not disclosed; Fedrigoni said the deal strengthens its position in the North American specialty fine papers market and reflects a shared commitment to innovation and sustainability.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.