About This Deal

Greif acquired Industrial containers business of Sonoco Products Company, a transaction completed in March 1998, structured as cash.

Industrial containers business of Sonoco Products Company operates in Industrial Packaging & Services, is based in United States. Greif purchased the industrial containers business of Sonoco Products Company, an early step in building out its fibre and steel drum manufacturing footprint in North America. The transaction was funded with borrowings and materially increased Greif's long-term debt in fiscal 1998.

Expansion of Greif's core industrial container manufacturing base ahead of its later transformational global build-out.

Added container manufacturing capacity to Greif's legacy packaging operations. Industrial Packaging & Services

Deal Terms

Acquirer
Greif
Target
Industrial containers business of Sonoco Products Company
Value
Not disclosed
Date
March 1998
Type
Asset/business acquisition
Status
Ready

Transaction Details

Target HQ
United States
Segment
Industrial Packaging & Services
Structure
Cash
Closed
March 30, 1998

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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