WestRock Company and KapStone Paper and Packaging Corporation announced the preliminary results of the elections as of 5:00 p.m. (Eastern Time) on September 5, 2018 made by KapStone stockholders to receive shares of common stock, par value $0.01 per share, of Whiskey Holdco, Inc. as consideration in the acquisition of KapStone by WestRock through Holdco. If the KapStone special meeting of stockholders, currently scheduled for 10:00 a.m. (Central Time) today, September 6, 2018, is delayed to a subsequent date, the Election Deadline will be similarly delayed to a subsequent date, and WestRock and KapStone will announce any such delay and, when determined, the new election deadline. Click Read More below for additional information.
Berry Global Group, Inc. (“Berry”) (NYSE: BERY), today announced that it has completed the acquisition of Laddawn, Inc., (“Laddawn”). Laddawn is a manufacturer of blown polyethylene bags and films with a unique-to-industry e-Commerce sales platform at www.Laddawn.com. Laddawn has a proven track record in delivering strong organic growth generating over $145 million of net sales for the twelve months ended July 31, 2018. Laddawn has 380 employees with five manufacturing sites spread across the United States.
“We are extremely excited with what Laddawn’s proven web and mobile sales platforms will bring to our Engineered Materials portfolio, as well as, the possibility to expand these platforms to include other Berry products,” said Tom Salmon, Chairman and CEO of Berry. “We believe Laddawn’s highly-technical online capabilities will support immediate growth, via this e-Commerce platform, to assist in quicker customer response times and small order fulfillments for the faster growing small and medium sized customer base. The combined Laddawn and Berry custom film product portfolio will provide a vast range of product offerings to thousands of valued customers further strengthening our core films business.”