Greif - M&A Summary and Business Overview

PackagingCompany

Greif M&A Summary

Greif has acquired 14 companies, including 3 in the last 5 years. A total of 10 acquisitions came from private equity firms. It has also divested 5 assets.

Greif’s largest acquisition to date was in 2018, when it acquired Caraustar Industries for $1.8B. It’s largest disclosed sale occurred in 2021, when it sold Soterra to Weyerhaeuser for $149M. Greif has acquired in 4 different US states, and 6 countries. The Company’s most targeted sectors include packaging (46%) and manufacturing (19%).

Greif Business Overview

Where is Greif headquartered?

Greif is headquartered in Delaware, Ohio.

What is Greif’s revenue?

Greif disclosed revenue of 5,219M USD for 2023 and 6,350M USD for 2022.

How many employees does Greif have?

Greif has 14,000 employees.

What sector is Greif in?

Greif is a packaging company.

When was Greif founded?

Greif was founded in 1877.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity11
    • M&A Sell Activity5
  • Total Sectors Invested 6
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 16
  • M&A Advisors 7

Greif

Greif, Inc.

425 Winter Road,
Delaware, Ohio 43015
United States,
(740) 549-6000
www.greif.com

Greif is a global producer of industrial packaging products and services. 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. Greif was founded in 1877 and is based in Delaware, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 8 - - 1 2 - 11
vol $1.8B $300M $538M $2.6B
Sell (0.6/yr) # 2 1 1 - - 1 5
vol $85M $149M $234M
  16

Most Recent M&A

Company Date Value Type
Delta Petroleum Co., Inc. 2024-08-01 - Divestiture
Saint Rose, Louisiana · www.deltacogroup.com
Ipackchem Group SAS 2023-10-31 538M USD Divestiture
Paris, France · www.ipackchem.com
Reliance Products Ltd. 2023-10-02 - Divestiture
Winnipeg, Manitoba · www.relianceproducts.com
Lee Container Corporation, Inc. 2022-11-09 300M USD Add-on Acquisition
Homerville, Georgia · www.leecontainer.com
Soterra LLC 2021-02-25 149M USD Divestiture
Flowood, Mississippi · www.soterrallc.com
Greif, Inc. - Consumer Packaging Group 2020-02-27 85M USD Divestiture
Delaware, Ohio
Caraustar Industries, Inc. 2018-12-20 1.8B USD Add-on Acquisition
Austell, Georgia · www.caraustar.com
El Dorado Packaging, Inc. 2014-09-04 - Divestiture
El Dorado, Arizona · www.eldoradopackaging.com
pack2pack Group N.V. 2014-08-01 - Divestiture
Halsteren, Belgium · www.pack2pack.com
pack2pack Group N.V. 2011-08-01 - Add-on Acquisition
Halsteren, Belgium · www.pack2pack.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Packaging 5 (45%) 538M (20%) 3 (60%) 85M (36%)
Manufacturing 2 (18%) 300M (11%) - -
Energy Services and Equipment 1 (9%) - 1 (20%) -
Forest Products 1 (9%) 1.8B (68%) 1 (20%) 149M (64%)
Distribution 1 (9%) - - -
Metals/Mining 1 (9%) - - -
Total 11 $2.6B 5 $234M

By Geo

State/Country Buy Value Sell Value
United States 5 2.1B 4 234M
  Georgia 2 2.1B - -
  Louisiana 1 - 1 -
  Texas 1 - - -
  North Carolina 1 - - -
  Ohio - - 1 85M
  Mississippi - - 1 149M
  Arizona - - 1 -
Belgium 2 - 1 -
Canada 1 - - -
  Manitoba 1 - - -
France 1 538M - -
Germany 1 - - -
Turkey 1 - - -
Domestic 5 (45%) 2.1B (80%) 4 (80%) 234M (100%)
Cross-border 6 (55%) 538M (20%) 1 (20%) -
Total 11 $2.6B 5 $234M

Top M&A Advisors

Financial Deals
Goldman Sachs
2
Stifel, Nicolaus & Co., Inc.
2
Deloitte
1
Legal Deals
Allen & Overy
3
Ice Miller
1
Vorys, Sater, Seymour and Pease
1

Deal Values

buy # Total
> $1B 1 $1.8B
$100M to $1B 2 $838M
TOTAL $2.6B
Largest Caraustar Industries, Inc.
$1.8B (2018-12-20)
sell # Total
$100M to $1B 1 $149M
< $100M 1 $85M
TOTAL $234M
Largest Soterra LLC
$149M (2021-02-25)

M&A Connections

Deals
Acquired from
Investor(s)
64%
7 (64%)
Strategic(s)
9%
1 (9%)
Divested to
Investor(s)
40%
2 (40%)
Strategic(s)
60%
3 (60%)

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