M&A Deal Summary

Greif Acquires Box-Board Products

On December 1, 2009, Greif acquired manufacturer Box-Board Products from Trivest Partners

Acquisition Highlights
  • This is Greif’s 1st transaction in the Manufacturing sector.
  • This is Greif’s 3rd transaction in the United States.
  • This is Greif’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2009-12-01
Target Box-Board Products
Sector Manufacturing
Buyer(s) Greif
Sellers(s) Trivest Partners
Deal Type Add-on Acquisition

Target

Box-Board Products

Greensboro, North Carolina, United States
website
Box-Board Products, Inc. a service oriented and independent manufacturer of quality corrugated products. The company has invested heavily in quick setup, high throughput machinery and established an expertise in just-in-time delivery. Box-Board Products was formed in 1968 and is based in Greensboro, North Carolina.

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Buyer(S) 1

Buyer

Greif

Delaware, Ohio, United States

website


Category Company
Founded 1877
Sector Packaging
Employees16,000
Revenue 5.6B USD (2021)
DESCRIPTION
Entrance to Greif's corporate headquarters in Delaware, Ohio.
Entrance to Greif's corporate headquarters in Delaware, Ohio.

Greif is a global producer of industrial packaging products and services with manufacturing facilities located in over 50 countries. Greif offers a comprehensive line of rigid industrial packaging products, such as steel, fibre and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and reconditioned containers, and services, such as container life cycle services, blending, filling and other packaging services, logistics and warehousing. The Company is also a global producer of flexible intermediate bulk containers and a North American producer of industrial and consumer shipping sacks and multiwall bag products. Greif was founded in 1877 and is based in Delaware, Ohio.


DEAL STATS #
Overall 4 of 11
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 4 of 9
State (North Carolina) 1 of 1
Country (United States) 3 of 5
Year (2009) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-23 Southline Metal Products

Houston, Texas, United States

Southline Metal Products Co. is a manufactures steel pails in a variety of sizes and colors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-15 Storsack International

Viernheim, Germany

Storsack International GmbH produces flexible intermediate bulk containers (FIBCs) to food and pharmaceutical industries in Germany.

Buy -

Seller(S) 1

SELLER

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 9 of 34
Sector (Manufacturing) 3 of 3
Type (Add-on Acquisition) 3 of 12
State (North Carolina) 1 of 2
Country (United States) 8 of 31
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-25 ATX Networks

Ajax, Ontario, Canada

ATX Networks is a designer and manufacturer of equipment for cable operators. ATX designs and manufactures a diversified suite of products used to fulfill the everyday requirements of the cable companies for their network operations, maintenance, and expansion needs. ATX Networks was formed in 1984 and is based in Ajax, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-11 Onepath Field Services

Marietta, Georgia, United States

Onepath Field Services is a provider of turnkey installation services to businesses throughout North America. Onepath Field Services was formed in 2002 and is based in Marietta, Georgia.

Buy -