MeadWestvaco Corporation and Rock-Tenn Company have chosen WestRock Company as their new name when the two packaging leaders complete their previously announced merger. WestRock will trade on the New York Stock Exchange under the ticker symbol WRK.
“WestRock draws on the strongest elements from each of our legacy names,” said Steve Voorhees, who will be the chief executive officer of WestRock Company. “The name speaks to our determination to build on the long track record of success and growth that has been established by both companies. WestRock’s aspiration is to be the premier partner and unrivaled provider of winning paper and packaging solutions for our customers.”
The pending combination between MWV and RockTenn was announced on January 26, 2015. The companies have received antitrust approval in the United States and are awaiting other regulatory and shareholder approvals that are expected in the month of June.
Both MWV and RockTenn have scheduled meetings with their respective shareholders or stockholders on June 24 to consider and vote on proposals to approve the transaction and related proposals. The approval of each company’s stockholders or shareholders is required to complete deal, which is expected to close on July 1, 2015.