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Corporation
BUSINESS PRODUCTS & SERVICES | Packaging
westrock.com

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Founded Year

2015

Stage

IPO | IPO

Market Cap

12.36B

Stock Price

46.91

About WestRock

WestRock provides paper and packaging solutions to the consumer and corrugated markets.

WestRock Headquarter Location

1000 Abernathy Road NE

Atlanta, Georgia, 30328,

United States

770-448-2193

Latest WestRock News

PNW acquires Washington scrap firm

Jan 17, 2022

PNW acquires Washington scrap firm PNW Metal Recycling adds Mayflower Metals of Prosser, Washington, to its portfolio. Clackamas, Oregon-based PNW Metal Recycling Inc. says it has purchased Mayflower Metals Inc. based in Prosser, Washington. According to PNW Vice President Sean Daoud, PNW assumed management of the new location as of December 31, 2021. “The two multi-generational family businesses share an extensive and strong history of working together throughout the decades,” says Daoud of the Mayflower acquisition. Continues Daoud, “This is a strategic move by PNW Metal  to grow its number of facilities to purchase materials in the Pacific Northwest. With the acquisition of Mayflower Metal’s Washington locations, the company now has seven locations open to buying and processing material.” The addition of Mayflower at the very end of the year marked the second acquisition PNW made in 2021, with the other acquisition being of Bert’s Auto Wrecking in Hermiston, Oregon, according to PNW. States Daoud, “PNW Metal ownership and management will continue the organic growth goals to support their local communities they serve with recycling options for metals and other materials of value.” In partnership with Atlanta-based WestRock and Grupo Gondi, Grupo Modelo is investing about $4 million in WestRock’s CanCollar Eco solution in Quintana Roo, a Mexican state on the Yucatan Peninsula. Grupo Modelo wants to advance its sustainability goals by eliminating its use of plastic rings on packaging in Mexico. According to a news release from WestRock, Grupo Modelo is the first company in the Americas to incorporate the recyclable CanCollar Eco technology, which replaces hard-to-recycle plastic packaging and is expected to result in about 100 fewer tons of plastic waste from going to landfill each year. “At Grupo Modelo, we are continuing to evaluate various alternatives for plastic rings in the packaging of beer cans,” says Soqui Calderon, regional director of sustainability for Grupo Modelo. “This is how we discovered CanCollar Eco, a new solution developed by WestRock and produced in Mexico by Grupo Gondi . Made from recyclable paperboard, this innovative packaging uses the least amount of material required to hold and to keep our beer cans secure through the supply chain.” According to WestRock , Grupo Modelo will first use the CanCollar on its 6-pack 355-milliliter Corona Extra, Montejo and Modelo Especial cans. Later this year, the first high-speed CanCollar Fortuna machine will be installed to eliminate the use of plastic rings across Mexico on 6-pack packaging, including 355 million cans of Corona Extra, Montejo, Modelo Especial, Barrilito, Negra Modelo and Victoria as well as 4-pack 473-milliliter cans of Victoria, Modelo Especial and Corona. “At WestRock, we are driving greater sustainability by working with our customers to develop and implement new, eco-friendly packaging solutions ,” says Patrick Kivits, president of Consumer Packaging at WestRock. “The introduction of CanCollar Eco to the Mexican market, in partnership with Grupo Gondi, is an exciting example of this work. We look forward to helping Grupo Modelo meet its sustainability goals through the implementation of this innovative, fiber-based packaging.” HG Ventures, a venture capital investment firm and division of The Heritage Group based in Indianapolis, has formed a partnership with American Rare Earth LLC, a subsidiary of the American Resources Corp., Fishers, Indiana. The companies aim to scale up the recycling of batteries, magnets and e-waste to recover and supply critical and rare earth metals to U.S. and global markets. According to a news release from HG , the company has an ownership stake in American Rare Earth as well as rights and warrants for subsequent investment. The companies will pair American Rare Earth’ s recycling and waste processing capabilities with HG Ventures’ industry expertise to scale U.S. rare earth and critical metals production. “We look forward to partnering with American Rare Earth to expand production of rare earth elements and critical metals by recycling electric motors, batteries and other e-waste, which will help address U.S. supply chain and sustainability challenges,” says Jonathan Schalliol, director at HG Ventures. “As demand for batteries and smart electronics soars, this partnership aims to help drive growth in the U.S. raw materials market to expand our country’s domestic manufacturing capabilities. The U.S. has the opportunity to lead in closed-loop and circular material supply, and it starts with this type of cross-sector collaboration.”  With American Rare Earth’s first purification facility expected to be operational sometime during the first half of this year, this partnership strengthens American Rare Earth’s foothold into various feedstock relationships for battery and magnet material. Additionally, the partnership opens relationships with public and private customers demanding these purified metals to drive the growth and success of the electrification and cleantech markets while advancing national security interests. The partnership also enables Heritage portfolio companies to work directly with American Rare Earth and use the company’s technology and processes to produce rare earth and critical metal raw materials. “We are thrilled to team up with HG Ventures and benefit from their outstanding expertise, network and shared vision to redefine how critical and rare earth elements are sourced, processed and purified as part of a sustainable, circular supply chain,” says Mark Jensen, CEO of American Resources Corp. “Scaling up a closed loop and circular supply of these increasingly important materials will bring impactful solutions to the domestic supply of rare earths and critical metals and enable the U.S. to compete on a global basis.” The Solid Waste Authority of Central Ohio (SWACO), Columbus, Ohio, has announced that SWACO Executive Director Ty Marsh plans to retire March 31. Marsh has served as SWACO’s executive director for the past eight years. According to a news release from SWACO , Marsh was hired by the SWACO board of trustees in 2013 and since then has been responsible for strategic changes at SWACO and the solid waste district. SWACO says its district has a recycling rate of 51 percent as well as a municipal solid waste landfill with more than 40 years of capacity remaining to serve the public. “Director Marsh has accomplished much in his tenure with SWACO, setting a clear strategic direction for the future of solid waste disposal, recycling, waste reduction and diversion for our community,” says Susan Tilgner, chair of the SWACO board of trustees. “His retirement is well deserved, but he will be missed.” In his remaining months with SWACO, Marsh says he plans to focus on initiatives where the goals of environmental protection and economic security intersect. “It has been a great honor to be part of SWACO’s transformation from an organization solely focused on landfill operations to one that is leading the conversation and efforts around community sustainability,” Marsh says. “With a strong foundation and clear plan for progress in place, I am excited to see how SWACO can seize the opportunities before our community in the years ahead.” SWACO’s board of trustees will conduct an open search for its next executive director. The group has hired Ohio-based Strategic HR and Direct Effect Solutions to recruit potential candidates. Sellick Equipment Ltd. co-founders Howard and David Sellick have decided to retire after 53 years. The Harrow, Ontario-based business will be led by the third generation of the family with Colin Sellick’s promotion to president. Howard and David Sellick co-founded the company with their late father, Walter Sellick, in 1968. The trio built the company into a leader in the forklift market, manufacturing a full range of rough-terrain and truck-mounted forklifts. Sellick’s engineering, sales and service staff remain in place to continue supporting the company’s dealer network throughout North America. Sellick Equipment is a subsidiary of Avis Industrial Corp. of Upland, Indiana. Avis  subsidiaries include baler manufacturers Harris and. American Baler  Gregory King, Avis president and CEO, says, “We are grateful for Howard and David’s leadership and contributions to not only the organization but the industry. We look forward to the continued growth and expanded offerings of the Sellick line of equipment.”

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Expert Collections containing WestRock

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

WestRock is included in 3 Expert Collections, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

P

Packaging & Labeling Tech

38 items

Companies providing traditional and tech-enabled packaging and labeling solutions for brands.

C

Conference Exhibitors

5,302 items

WestRock Patents

WestRock has filed 444 patents.

The 3 most popular patent topics include:

  • Paper products
  • Standard motorcycles
  • Paper
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/17/2018

1/11/2022

Indoor sports, Racquet sports, Standard motorcycles, Arteries of the abdomen, Paper products

Grant

Application Date

4/17/2018

Grant Date

1/11/2022

Title

Related Topics

Indoor sports, Racquet sports, Standard motorcycles, Arteries of the abdomen, Paper products

Status

Grant

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