M&A Deal Summary

Greif Acquires Lee Container

On November 9, 2022, Greif acquired manufacturer Lee Container for 300M USD

Acquisition Highlights
  • This is Greif’s 2nd transaction in the Manufacturing sector.
  • This is Greif’s 3rd largest (disclosed) transaction.
  • This is Greif’s 5th transaction in the United States.
  • This is Greif’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2022-11-09
Target Lee Container
Sector Manufacturing
Buyer(s) Greif
Deal Type Add-on Acquisition
Deal Value 300M USD
Advisor(s) Robert W. Baird & Co., Inc. (Financial)

Target

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.

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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 9 of 11
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 9 of 9
State (Georgia) 2 of 2
Country (United States) 5 of 5
Year (2022) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 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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