M&A Deal Summary

Graphic Packaging Acquires Greif - Consumer Packaging Group

On February 27, 2020, Graphic Packaging acquired packaging company Greif - Consumer Packaging Group from Greif for 85M USD

Acquisition Highlights
  • This is Graphic Packaging’s 14th transaction in the Packaging sector.
  • This is Graphic Packaging’s 6th largest (disclosed) transaction.
  • This is Graphic Packaging’s 8th transaction in the United States.
  • This is Graphic Packaging’s 1st transaction in Ohio.

M&A Deal Summary

Date 2020-02-27
Target Greif - Consumer Packaging Group
Sector Packaging
Buyer(s) Graphic Packaging
Sellers(s) Greif
Deal Type Divestiture
Deal Value 85M USD

Target

Greif - Consumer Packaging Group

Delaware, Ohio, United States
Greif, Inc. - Consumer Packaging Group consists of seven converting facilities that manufacture folding cartons for consumer packaged goods businesses.

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Buyer(S) 1

Buyer

Graphic Packaging

Atlanta, Georgia, United States

Category Company
Founded 2007
Sector Packaging
Employees23,000
Revenue 8.8B USD (2024)
DESCRIPTION
Entrance to Graphic Packaging's corporate headquarters in Atlanta, Georgia.
Entrance to Graphic Packaging's corporate headquarters in Atlanta, Georgia.

Graphic Packaging is a packaging company. Graphic Packaging produces a range of paperboard grades convertible into folding cartons that are used primarily to protect products, such as food, detergents, paper products, beverages, and health and beauty aids. Graphic Packaging was founded in 2007 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 14 of 16
Sector: Packaging M&A 14 of 16
Type: Divestiture M&A Deals 6 of 6
State: Ohio M&A 1 of 1
Country: United States M&A 8 of 9
Year: 2020 M&A 1 of 1
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-28 Letica - FoodService Business

Rochester, Michigan, United States

Letica Corp. - FoodService Business is focused on the production of paperboard-based cold and hot cups and cartons for the growing foodservice market in North America. The company operates two world class foodservice converting facilities in Clarksville, Tennessee and Pittston, Pennsylvania.

Buy $95M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-27 Americraft Carton

Prairie Village, Kansas, United States

Americraft Cartonois a privately owned paperboard folding carton manufacturer in North America. With seven manufacturing sites in the US as well as many sales and customer service locations throughout the country, Americraft assists companies of all sizes with their packaging needs, including concept and package design, graphic design, production, warehousing, inventory management, and packaging equipment. We proudly create high-quality folding cartons and paperboard packaging with a commitment to unrivaled service. Americraft Cartonois was formed in 1983 and is based in Prairie Village, Kansas.

Buy $280M

Seller(S) 1

SELLER

Greif

Delaware, Ohio, United States

Category Company
Founded 1877
Sector Packaging
Employees14,000
Revenue 5.4B USD (2024)
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. 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.


DEAL STATS #
Overall 3 of 7
Sector: Packaging M&A 3 of 4
Type: Divestiture M&A Deals 3 of 7
State: Ohio M&A 1 of 3
Country: United States M&A 2 of 6
Year: 2020 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Caraustar Industries

Austell, Georgia, United States

Caraustar Industries, Inc. is an integrated manufacturer of recycled paperboard and converted paperboard products. Caraustar Industries was founded in 1938 and is based in Austell, Georgia.

Buy $1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-25 Soterra

Flowood, Mississippi, United States

Soterra is a land management company that currently manages more than 240,000 acres of land. Soterra uses advanced silvicultural techniques to improve the productivity of our timberland, which increases the yield of forest products over a period of time. Soterra sells timber to a variety of customers who manufacture products such as paper and building materials that people use in everyday life.

Sell $149M