M&A - GREIF, INC

Form Type: 8-K

Filing Date: 2025-07-01

Corporate Action: Acquisition

Type: New

Accession Number: 000004392025000038

Filing Summary: On June 30, 2025, Greif Packaging LLC, a wholly owned subsidiary of Greif, Inc., and the company as guarantor, entered into a Purchase and Sale Agreement with Packaging Corporation of America, Inc. for the acquisition of all issued equity interests of Greif Containerboard Solutions, LLC and Box-Board Holding Corporation for a purchase price of $1.8 billion. This deal includes a contribution agreement where the seller will contribute its entire containerboard business to Greif Containerboard Solutions. The agreement stipulates that certain conditions must be satisfied for closing, including compliance with antitrust regulations. The agreement allows for termination under several conditions, including if the closing does not occur by June 30, 2026, unless extended. The company also announced this divestiture in a press release on July 1, 2025.

Form Type: 10-Q

Filing Date: 2025-06-05

Corporate Action: Acquisition

Type: Update

Accession Number: 000004392025000025

Filing Summary: The document is a Quarterly Report (Form 10-Q) for the period ended April 30, 2025, filed by Greif, Inc. It includes financial results for the second quarter and updates on various corporate actions. Key highlights include the completion of the Ipackchem acquisition on March 26, 2024, which expands Greif's operations and product offerings in the packaging industry. The report details financial performance metrics, including revenue, net income, and share performance. Investors are provided with insights into the company's strategic initiatives and future outlook, emphasizing growth in key regions such as EMEA and North America. Operating segments show robust performance, particularly in Customized Polymer Solutions and Durable Metal Solutions, while the company continues to focus on organizational efficiencies and cost reductions in response to economic conditions. Information on common stock equity, share buybacks, and dividends is also included, along with compliance statements regarding up-to-date SEC filings and large accelerated filer status.

Form Type: 10-K

Filing Date: 2024-12-23

Corporate Action: Acquisition

Type: Update

Accession Number: 000004392024000056

Filing Summary: Greif, Inc. has filed its Form 10-K for the fiscal year ending on October 31, 2024. The document provides comprehensive insights into the company’s performance, including financial results, risk factors, and information about recent acquisitions, notably the Ipackchem acquisition on March 26, 2024, and the ColePak acquisition on August 23, 2023. The filing reflects an ongoing strategy to strengthen its market position through strategic acquisitions within the industrial packaging sector. The 10-K highlights financial metrics such as revenue, net income, and changes in equity, demonstrating growth and operational improvements year over year. It discusses the company's capital structure, employee benefits, legal proceedings, and market trends affecting its operations. Furthermore, Greif maintains a focus on sustainability initiatives and operational efficiencies to drive future growth. The company also reviews its goodwill and intangible assets stemming from acquisitions and provides disclosures on its debt obligations and interest rate exposure.