Packaging & Containers M&A » By The Online Investor Staff, updated Sat., Jul. 2, 1:30 PM
Recent mergers and acquisitions in the Packaging & Containers M&A category.
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Slide #1. RockTenn — Simpson Tacoma Paper Mill
Acquirer:
RockTenn (NYSE:RKT)
Acquiree:
Simpson Tacoma Paper Mill
Details:
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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List of Packaging & Containers Mergers & Acquisitions in this Slideshow:
11/16/2012:
Acquirer: Graphic Packaging Holding Company (GPK)
Acquiree: Contego's European Food Carton Business
Merger/Acquisition details: details »
11/28/2012:
Acquirer: Graphic Packaging Holding Company (GPK)
Acquiree: A&R Carton's Beer and Beverage Packaging Business
Merger/Acquisition details: details »
12/3/2012:
Acquirer: MeadWestvaco Corporation (MWV)
Acquiree: Ruby Macons Limited
Merger/Acquisition details: details »
1/2/2013:
Acquirer: UFP Technologies, Inc. (UFPT)
Acquiree: Packaging Alternatives Corporation
Merger/Acquisition details: details »
1/3/2013:
Acquirer: Graphic Packaging Holding Company (GPK)
Acquiree: Contego Packaging Holdings, Ltd. and A&R Carton Holding B.V.
Merger/Acquisition details: details »
7/1/2013:
Acquirer: Bemis Company, Inc. (BMS)
Acquiree: Foshan New Changsheng Plastics Films Co., LTD
Merger/Acquisition details: details »
9/16/2013:
Acquirer: Packaging Corporation of America (PKG)
Acquiree: Boise (BZ)
Merger/Acquisition details: details »
10/25/2013:
Acquirer: Packaging Corporation of America (PKG)
Acquiree: Boise Inc. (BZ)
Merger/Acquisition details: details »
2/19/2014:
Acquirer: Graphic Packaging Holding Company (GPK)
Acquiree: Benson Group
Merger/Acquisition details: details »
3/3/2014:
Acquirer: RockTenn (RKT)
Acquiree: Simpson Tacoma Paper Mill
Merger/Acquisition details: details »
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Avg. Broker Rec.
 
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Hold (2.09 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: RKT Stock Forecast Based on Zacks ABR data; powered by Xignite |
