Smurfit Westrock rang the bell on the New York Stock Exchange on Monday July 8. The new player, born of the merger finalized a few days earlier of the two giants of cardboard packaging manufacturing, is now listed on Wall Street under the symbol SW.
Ireland's Smurfit Kappa and America's WestRock had announced this $34 billion merger last September. With 100,000 employees in 40 countries on six continents, Smurfit Westrock is "a leading global player in sustainable packaging, bringing together considerable experience and expertise from both companies." said Tony Smurfit, President and CEO of Smurfit Westrock.
Smurfit Westrock operates over 500 packaging converting plants and 63 paper mills, producing corrugated board packaging, consumer packaging, bag-in-box and point-of-sale displays.
"Smurfit Kappa and WestRock shareholders have âeurosâeurosmassively supported our combination. Smurfit Westrock has a unique geographic footprint and, thanks to our leading-edge applications, an unrivalled ability to bring value to our customers "added Ken Bowles, CFO of Smurfit Westrock.
The new group is also listed on the London Stock Exchange under the symbol SWR.
