M&A Deal Summary

Greif Acquires Reliance Products

On October 2, 2023, Greif acquired packaging company Reliance Products from The Bodtker Group of Companies.

Acquisition Highlights
  • This is Greif’s 4th transaction in the Packaging sector.
  • This is Greif’s 1st transaction in Canada.
  • This is Greif’s 1st transaction in Manitoba.

M&A Deal Summary
Date 2023-10-02
Target Reliance Products
Sector Packaging
Buyer(s) Greif
Sellers(s) The Bodtker Group of Companies.
Deal Type Divestiture

Target

Reliance Products

Winnipeg, Manitoba, Canada
Reliance Products is a producer of barrier and conventional blow molded jerrycans and small plastic containers. Reliance Products was founded in 1958 and is based in Winnipeg, Manitoba.

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Buyer(S) 1

Buyer

Greif

Delaware, Ohio, United States
Category Company
Founded 1877
Sector Packaging
Employees14,000
Revenue 5.2B USD (2023)
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 10 of 11
Sector (Packaging) 4 of 5
Type (Divestiture) 1 of 2
State (Manitoba) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-09 Lee Container

Homerville, Georgia, United States

Lee Container is a manufacturer of barrier and conventional blow molded containers, primarily serving growth-oriented customers in the agricultural, other specialty chemical, oil & lubricant and pet care segments in North America. Lee Container was founded in 1989 and is based in Homerville, Georgia.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-31 Ipackchem

Paris, France

Ipackchem is a manufacturer of barrier packaging. Its products are mainly used in the transport and storage of aromas, fragrances, and agrochemical products, for which permeability, contamination, and evaporation constraints are critical. Ipackchem Group is based in Paris, France.

Buy $538M

Seller(S) 1

SELLER

The Bodtker Group of Companies.

Calgary, Alberta, Canada
Category Company
Founded 1979
Sector Packaging
DESCRIPTION

The Bodtker Group of Companies strives to provide the highest quality and service with the most comprehensive array of industrial container?related products and services in Canada.

DEAL STATS #
Overall 2 of 2
Sector (Packaging) 1 of 1
Type (Divestiture) 2 of 2
State (Manitoba) 1 of 1
Country (Canada) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-31 Bodtker Group - Canadian drum reconditioning

Calgary, Alberta, Canada

Bodtker Group - Canadian drum reconditioning is a drum manufacturing and distribution operations of the Calgary, AB.

Sell -
Mergr

Product

Company

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