.
MergerLinks Header Logo

New Deal


Announced

Completed

Greif completed the acquisition of an additional 71% stake in Centurion Container for $145m.

Financials

Edit Data
Transaction Value£117m
Consideration TypeCash
Capital Owned9%
Capital Bid For71%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Containers and Packaging

Private

Completed

United States

industrial packaging

Majority

Single Bidder

Acquisition

Friendly

Domestic

Synopsis

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US