Smurfit Kappa is in discussions to merge with U.S. rival WestRock , the Irish firm said on Thursday, in a tie-up of two of the world's largest paper and packaging producers.
, the Irish firm said on Thursday, in a tie-up of two of the world's largest paper and packaging producers.
At current market prices, the combined market capital of the two firms would be around $19 billion. They had combined revenue of $34 billion in the 12 months to the end of June. WestRock beat Wall Street expectations for third-quarter profit and said it remained focused on streamlining its portfolio and further reducing costs.
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