Announced
Completed
Financials
Sources
Tags
Containers and Packaging
Private
Completed
United States
industrial packaging
Majority
Single Bidder
Acquisition
Friendly
Domestic
Synopsis
Greif, an industrial packaging products and services provider, completed the acquisition of an additional 71% stake in Centurion Container, an intermediate bulk container and plastic drum reconditioning company, for $145m. "The Centurion joint venture has seen rapid growth since our initial investment in 2020. We are excited to take a majority stake in this business as it aligns with our strategy, is immediately margin-accretive and directly supports our third Build to Last mission of Protecting our Future through investments in the circular economy," Ole Rosgaard, Greif President and CEO.
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