NORCROSS, Georgia -- WestRock Company announced that it has completed the sale of its Home, Health and Beauty business to Silgan Holdings Inc. for approximately $1.025 billion in cash (subject to post-closing adjustments) plus the assumption of approximately $25 million in foreign pension liability.

The company expects to use the proceeds from the sale of the business in connection with its previously announced purchase of Multi Packaging Solutions International Limited.

Additional financial information, including the expected impact to WestRock's 2017 results, will be provided during WestRock's second quarter earnings call, which is scheduled for April 26, 2017.