M&A Deal Summary

Ox Industries Acquires WestRock - URB Mills

On November 9, 2022, Ox Industries acquired packaging company WestRock - URB Mills from WestRock for 50M USD

Acquisition Highlights
  • This is Ox Industries’ 1st transaction in the Packaging sector.
  • This is Ox Industries’ largest (disclosed) transaction.
  • This is Ox Industries’ 2nd transaction in the United States.
  • This is Ox Industries’ 1st transaction in Illinois.

M&A Deal Summary
Date 2022-11-09
Target WestRock - URB Mills
Sector Packaging
Buyer(s) Ox Industries
Sellers(s) WestRock
Deal Type Divestiture
Deal Value 50M USD

Target

WestRock - URB Mills

Aurora, Illinois, United States
WestRock - URB Mills are an uncoated recycled paperboard (URB) mills in Eaton, Indiana, and Aurora, Illinois. WestRock - URB Mills are based in Aurora, Illinois.

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Buyer(S) 1

Buyer

Ox Industries

Hanover, Pennsylvania, United States
Category Company
Founded 1996
Sector Forest Products
DESCRIPTION

Ox Industries, Inc. is a producer of paperboard, specialty paper, tube & core, and protective packaging products. Ox Industries was founded in 1996 and is based in Hanover, Pennsylvania.

DEAL STATS #
Overall 2 of 2
Sector (Packaging) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-25 Carthage Specialty Paperboard

Carthage, New York, United States

Carthage Specialty Paperboard, Inc. is a manufacturer of uncoated recycled paperboard used in premium specialty applications. Carthage Specialty Paperboard is based in Carthage, New York.

Buy -

Seller(S) 1

SELLER

WestRock

Richmond, Virginia, United States
Category Company
Sector Packaging
Employees50,000
Revenue 21.3B USD (2022)
DESCRIPTION

WestRock is a packaging company provides paper and packaging solutions in consumer and corrugated markets. WestRock is based in Richmond, Virginia.

DEAL STATS #
Overall 3 of 3
Sector (Packaging) 1 of 1
Type (Divestiture) 3 of 3
State (Illinois) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-09 WestRock - Summerville

South Carolina, United States

WestRock Co.'s Summerville is a forest product operating mill that focuses on lumber production WestRock Co.'s Summerville is based in South Carolina.

Sell $59M
Mergr

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