About This Deal

Greif acquired Reliance Products, Ltd. for $20.2 million (net of cash), a transaction completed in October 2023, structured as all cash.

Reliance Products, Ltd. operates in Global Industrial Packaging (custom/polymer), is based in Canada. Greif acquired Reliance Products, Ltd., a leading Canadian producer of high-performance barrier and conventional blow-molded jerrycans and small plastic containers, for $20.2 million net of cash acquired. The deal added ~$4.1 million of goodwill and ~$1.1 million of intangibles and extended Greif's blow-molded plastics platform into Canada, complementing the Lee Container acquisition.

Extends Greif's resin-based blow-molded packaging platform into Canada alongside Lee Container.

Adds a Canadian blow-molded jerrycan producer to Greif's growing polymer packaging platform. Global Industrial Packaging

Deal Terms

Acquirer
Greif
Target
Reliance Products, Ltd.
Value
$20.2 million (net of cash)
Date
October 2023
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Canada
Segment
Global Industrial Packaging (custom/polymer)
Structure
All cash
Closed
October 1, 2023

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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