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IP, Kapstone Announce $50/Ton Containerboard Increase; Westrock to Acquire Kapstone

Monday, January 29, 2018   (0 Comments)
Posted by: Alyce Ryan
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 International Paper and Kapstone both announced containerboard price increases of $50/ton effective March 1, according to industry analysts and member reports.  Analysts report in their Monday morning updates that with mill operating rates in the high 90s and a healthy demand profile that other producers will follow suit.  

In addition, WestRock has announced its acquisition of Kapstone for $35 share, or $4.9 billion.According to industry reports, the acquisition will give WestRock a higher profile on the West Coast, will diversify its paper grades and increase its virgin fibre base.

More information about the acquisition