US paper and packaging company Westrock has completed the acquisition of Multi Packaging Solutions (MPS) on 6 June. The companies had reached definitive agreement on the transaction on 23 January 2017. Under the terms of the agreement, Westrock hasacquired all outstanding common MPS shares at a price of 0.18$ per share. The company has also refinanced MPS debt as part of the transaction. MPS specialises in packaging solutions for the branded and healthcare markets.The company services "image-intensive luxury markets such as confectionary, cosmetics, fragrance, premium drinks, tobacco,floriculture, and other luxury goods."West-rock says acquisition of Multi Packaging Solution (MPS) will strengthen its differentiated portfolio of paper and packaging solutions.
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