Greif, an American manufacturing company, completed the acquisition of IPACKCHEM Group, a producer and distributor of plastic packaging products, from SK Capital, a private equity firm, for $538m. "We are thrilled to welcome an exceptional 1.4k Ipackchem colleagues to Greif. Adding Ipackchem to the Greif portfolio is another key step forward in executing our Build to Last strategy and helps unlock significant new capabilities and market opportunities to further grow as a world leader in high-performance small plastic containers and jerrycans. Our teams have been planning our integration strategy over the past several months, which we will begin implementing immediately post-closing to drive incremental benefits, support future growth, and capture our targeted $7m of synergies," Ole Rosgaard, Greif President and Chief Executive Officer.