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Slide #15. RockTenn — Simpson Tacoma Paper Mill
Simpson Tacoma Paper Mill
RockTenn and Simpson Lumber Company LLC announced today an agreement whereby RockTenn will acquire the Simpson Tacoma Kraft Paper Mill located in Tacoma, Wash., for approximately $343 million. The purchase price reflects an EBITDA multiple of less than six times based on the mill's financial results for the 12 months ending December 2013 and the expected operating efficiencies, primarily due to the location of the mill on the West Coast. The transaction is structured as an asset purchase.
Rocket Companies is a residential mortgage lender. Co.'s flagship business, Rocket Mortgage offers Government-Sponsored Enterprises (GSE)-conforming and government insured mortgage loan products, which are marketed in all 50 states through the internet, national television and other marketing channels. Co.'s Rocket Mortgage app allows clients to apply for a mortgage, upload documents, e-sign documents, receive statements, and complete monthly payments. Co. is also engaged in industries, such as real estate, personal lending, and auto sales. Co. operates out of offices located in Detroit, Michigan; Cleveland, Ohio; Scottsdale, Arizona; Charlotte, North Carolina; and Los Angeles, California.
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