MeadWestvaco to become WestRock
Name change is the result of WestRock Company and MeadWestvaco Corporation completing their “combination”.
From today’s press release:
WestRock Company was announced today by MeadWestvaco Corporation (“MWV”) (NYSE: MWV) and Rock-Tenn Company (“RockTenn”) (NYSE: RKT) as the name for the new company when the two packaging leaders complete their previously announced combination. WestRock will trade on the New York Stock Exchange under the ticker symbol WRK.
“WestRock draws on the strongest elements from each of our legacy names,” said Steve Voorhees, who will be the chief executive officer of WestRock Company. “The name speaks to our determination to build on the long track record of success and growth that has been established by both companies. WestRock’s aspiration is to be the premier partner and unrivaled provider of winning paper and packaging solutions for our customers.”
The pending combination between MWV and RockTenn was announced on January 26, 2015. The companies have received antitrust approval in the United States and are awaiting other regulatory and shareholder approvals that are expected in the month of June.
Image: MeadWestvaco Facebook
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Richard Hayes
When Richard isn’t rounding up neighborhood news, he’s likely watching soccer or chasing down the latest and greatest craft beer.
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