News
Freshfields Represents Sonoco on Its Acquisition of WestRock’s Remaining Interest in Joint Venture: RTS Packaging and WestRock’s Chattanooga, Tennessee Mill
Freshfields is representing Sonoco Products Company, a diversified global packaging leader, on its acquisition of the remaining equity interest in its joint venture with the WestRock Company, RTS Packaging, and one paper mill in Chattanooga, Tennessee, for $330 million in cash. The transaction is expected to close in the first half of 2023, subject to regulatory approvals and customary closing conditions. More information is available here.
The Freshfields team is led by New York-based Partners Zheng (Johnathan) Zhou and Damien Zoubek and Associates Anne Powderly, Daria Butler and Hannah Golden. Partner Joe Soltis and Senior Associate David Mitchell advised on tax matters; Partner Lori Goodman and Associate Brian Chung on employee benefits matters; Partner Menachem Kaplan and Associates Marissa Yu and Jennifer Lei on IP and transition services agreement matters; Partner Justin Stewart-Teitelbaum, Counsel Laura Onken and Associates Iris Zhou and Morag Elwis on antitrust matters; and Counsel Samantha Braunstein and Associates Lacey Nemergut and Nora McDonnell on finance matters.
ENDS
About Freshfields Bruckhaus Deringer LLP
Freshfields Bruckhaus Deringer is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on groundbreaking and business-critical mandates. Our 2,800-plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multinational expertise, and business know-how means our clients rely on us when it matters most.
Freshfields is ranked by Chambers Global in Band 1 across the six areas of antitrust, corporate/M&A, litigation, international arbitration, tax, and public international law. For more information visit Freshfields.us.
This material is for general information only and is not intended to provide legal advice. Prior results do not guarantee a similar outcome.