SP Fiber acquired by WestRock for $288.5 million
Clients SP Fiber Holdings, Inc.
Jones Day advised SP Fiber Holdings, Inc. in the sale of the company, a producer of recycled containerboard and kraft and bag paper with mills located in Dublin, Georgia, and Newberg, Oregon, to WestRock Company for $288.5 million. WestRock also acquired SP Fiber's 48 percent interest in Green Power Solutions of Georgia, LLC (GPS). GPS is a renewable energy joint venture providing energy to Georgia Power and steam to the paper mill in Dublin.
In addition to M&A representation, Jones Day provided employee benefits, tax, antitrust, banking, and real estate advice regarding this transaction.