Greif Acquires Majority Stake in Centurion Container LLC

April 3, 2023

Greif, Inc. completed an all-cash transaction to increase its ownership in Centurion Container LLC from 9% to 80% for $145 million, funded through Greif's existing credit facility. Centurion, a North American leader in IBC and plastic drum reconditioning with eight U.S. facilities, will be reported within Greif's Global Industrial Packaging segment and expand Greif's reusable packaging and circular-economy capabilities in North America.

Buyers
Greif, Inc.
Targets
Centurion Container LLC
Location
Illinois, United States
Transaction Type
Buyout

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