WestRock Company completed the acquisition of 67.7% stake in Gondi, S.A. de C.V.
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.