Hannapak goes to WestRock for $75 million
Wednesday, 02 August, 2017
The Hanna Group (Hannapak), one of Australia’s leading providers of folding cartons, has been acquired by WestRock Company for $75 million. The acquisition will build on WestRock’s established and growing packaging business in Asia–Pacific.
Hannapak is based in North Richmond, New South Wales. Started in 1967 by Charles Hanna, the company converts approximately 30,000 tonnes of paperboard into folding cartons, including for WestRock’s beverage packaging customers. The business has been led by Sam Hanna, who joins WestRock and will continue to lead the acquired operations.
WestRock expects to generate significant synergies with its current business in the region, including integration of additional WestRock paperboard into the Hannapak system.
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