M&A Deal Summary

Rock-Tenn Acquires Smurfit-Stone Container

On January 23, 2011, Rock-Tenn acquired forest products company Smurfit-Stone Container from Wayzata Investment Partners for 3.5B USD

Acquisition Highlights
  • This is Rock-Tenn’s 5th transaction in the Forest Products sector.
  • This is Rock-Tenn’s largest (disclosed) transaction.
  • This is Rock-Tenn’s 17th transaction in the United States.
  • This is Rock-Tenn’s 4th transaction in Illinois.

M&A Deal Summary
Date 2011-01-23
Target Smurfit-Stone Container
Sector Forest Products
Buyer(s) Rock-Tenn
Sellers(s) Wayzata Investment Partners
Deal Type Add-on Acquisition
Deal Value 3.5B USD
Advisor(s) Lazard Ltd. (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Smurfit-Stone Container

Chicago, Illinois, United States
website
Smurfit-Stone Container Corporation is one of the industry's integrated containerboard and corrugated packaging producers and one of the world's largest paper recyclers. Smurfit-Stone conducts its business in compliance with the environmental, health, and safety principles of the American Forest & Paper Association.

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Buyer(S) 1

Buyer

Rock-Tenn

Norcross, Georgia, United States

website

Category Company
Founded 1936
Sector Packaging
Employees25,800
Revenue 9.5B (2013)
DESCRIPTION

Rock-Tenn Company provides packaging solutions and manufacturers of containerboard and paperboard. based in Norcross, Georgia, United States.

DEAL STATS #
Overall 19 of 23
Sector (Forest Products) 5 of 6
Type (Add-on Acquisition) 17 of 20
State (Illinois) 4 of 4
Country (United States) 17 of 21
Year (2011) 1 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-09 Innerpac

Cicero, Illinois, United States

Innerpac, one of the leaders in chipboard and corrugated packaging and partitions, is pleased to announce that Bar A Enterprises of Santa Fe Springs and Stockton, California is merging operations with Innerpac, LLC of Cicero, Illinois, El Paso, Texas and Keene, New Hampshire effective September 2nd 2008.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-09 GMI Group

Plymouth, Indiana, United States

GMI Group is a packaging processor and laminator.

Buy -

Seller(S) 1

SELLER

Wayzata Investment Partners

Plymouth, Minnesota, United States

Investor

website

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Wayzata Investment Partners is a private equity group focused on acquiring controlling interests in companies through distressed debt investing. The Firm targets companies valued between $100 million and $1 billion. Wayzata was formed in 2004 and is based in Wayzata, Minnesota.

DEAL STATS #
Overall 3 of 22
Sector (Forest Products) 1 of 2
Type (Add-on Acquisition) 2 of 12
State (Illinois) 2 of 6
Country (United States) 3 of 22
Year (2011) 1 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-19 Neff Rental

Miami, Florida, United States

Neff Rental is a regional equipment rental company in the United States, focused on the fast-growing Sunbelt States. Neff Rental offers a broad array of equipment rental solutions for its more than 15,000 customers, focusing on key end-user markets including infrastructure, non-residential construction, energy, and municipal and residential construction.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-17 Hawkeye Energy Holdings

Ames, Iowa, United States

Hawkeye Energy Holdings, LLC ('Hawkeye' or the 'Company') is the fourth largest ethanol producer in the United States based on production capacity of 450 MMGPY. Its access to low-cost corn supplies, approach to marketing its ethanol, operating scale, transportation infrastructure and operational expertise allow the Company to be one of the lowest-cost producers of ethanol in the United States. Hawkeye Gold, a marketing & services organization, has developed a best-in-class management team that is currently marketing ethanol and distillers grains for Hawkeye and several third party plants.

Sell -
Mergr

Product

Company

Legal