WestRock Company (NYSE:WRK) agreed to acquire remaining 67.7% stake in Gondi, S.A. de C.V. for $970 million on July 27, 2022. The buyer currently owns 32.3% of the corrugated packaging company. The acquisition, which is subject to a number of customary closing conditions, including approval by regulatory authorities in Mexico, is expected to close by the end of the calendar year 2022. Credit Suisse Securities (USA) LLC acted as Financial advisor to Gondi.

WestRock Company (NYSE:WRK) completed the acquisition of 67.7% stake in Gondi, S.A. de C.V. for $1.6 billion on December 1, 2022. WestRock plan to draw upon $1.0 billion Delayed Draw Term Loan to acquire the remaining 67.7% interest in Grupo Gondi. As part of the transaction, WestRock acquired total debt of $604.6 million and Cash and cash equivalents of $116.3 million. Thomas W. Greenberg, Paul T. Schnell and Alejandro Gonzalez Lazzeri of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Gondi, S. de R.L de C.V. in the transaction.