Eversheds Sutherland wraps up billion dollar deal for WestRock

Eversheds Sutherland wraps up billion dollar deal for WestRock
Manchester team plays major role in mega deal

Law firm Eversheds Sutherland’s Manchester team has played a key role in the sale of the NYSE-listed WestRock Company’s home, health and beauty division to Silgan Holdings for £1.025bn.

The cash deal also includes the assumption of about $25m in foreign pension liability.

WestRock is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets who have 39,000 employees and operate from 250 sites located in in Canada, Mexico, South America, Europe and Asia.

ItsHome, Health and Beauty division designs and produces dispensing systems and containers for the global home care, lawn and garden, personal care, beauty, fragrance and healthcare markets.

WestRock is now concentrating its business model on core paper and packaging solutions and this is just one of the steps which they are taking in delivering this part of their wider strategy.

Client Partner and head of the Manchester corporate team Simon Masters said: “We are delighted to have advised WestRock, a client with whom we have a long-standing relationship, on this transaction. We look forward to continuing to provide WestRock with the international support they require as they continue to fulfil their wider strategic objectives.

The Eversheds Sutherland team was led by Nicola Brookes and Lucie Alker with support from a number of international Eversheds Sutherland offices including Christof Lamberts and Benjamin Boehning in Germany, Philippe Despres and Guillaume Talneau in France, Jack Cai and Liping Peng in China, Marcello Floris, Giulia Bramanti and Christian Prencipe from Italy, Rob Faasen and Jonathan Talacko from Netherlands and Carlos Peman, Roman Pazos and David Williams from Spain.

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