Smurfit Kappa and WestRock Nearing Merger Deal
Smurfit Kappa, Europe's largest paper and packaging producer, is in talks to merge with U.S. rival WestRock, creating a global giant in the industry. The combined entity, to be named Smurfit WestRock, would be domiciled in Ireland with its global headquarters in Dublin and listed on the New York Stock Exchange. The merger would offer complementary portfolios, innovative sustainability capabilities, and potential cost savings of over $400 million. The deal is subject to shareholder and regulatory approval.