WestRock has reached an agreement with Plymouth Packaging to acquire the entire assets of the former.
Both the companies involved in the transaction are based in the US.
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WestRock is engaged in the manufacture and sale of paper and packaging solutions, while Plymouth is a corrugated packaging company focused on the carton manufacturing.
Box-on-demand systems and corrugated fanfold represent 70% of Plymouth’s annual sales, while the rest comes from traditional corrugated box packaging.
GMP has raised KRW2.5bn ($2.28m) in a private placement of 646,328 shares.
Based in South Korea, GMP is engaged in providing equipment and products used in food packaging such as dye-sublimation transfer machinery, trimmers, display systems, laminating accessories, and binding systems.
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