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
- Industry
- Industrial Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Greif, Inc. Acquires Lee Container Corporation
December 15, 2022
Packaging
Greif, Inc. completed the acquisition of Lee Container Corporation for $300 million in an all-cash transaction funded through Greif's existing credit facility. The acquisition expands Greif's jerrycan and small-plastic container footprint in North America, is expected to be margin-accretive, and to generate approximately $6 million in synergies within the first two years.
-
Greif Inc. Acquires 51% Stake in ColePak LLC
September 1, 2023
Packaging
Greif Inc. acquired a 51% majority ownership interest in ColePak LLC in an all-cash transaction funded through Greif's existing credit facility. The deal adds ColePak’s paper partition product line to Greif’s paper converting portfolio, is immediately accretive to margins, and provides exposure to stable food & beverage end markets; Cole family owners Jason and Ryan Cole will remain involved.
-
Greif, Inc. Agrees to Acquire IPACKCHEM Group SAS from SK Capital Partners
October 31, 2023
Packaging
Greif, Inc. has entered into exclusive negotiations to acquire IPACKCHEM Group SAS from an affiliate of SK Capital Partners in a cash transaction valued at $538 million. IPACKCHEM, headquartered in Paris with ~1,400 employees and LTM sales of ~$235 million (adjusted EBITDA ~$57 million), will expand Greif's capabilities in premium barrier and small plastic containers and support growth in EMEA and APAC.
-
Greif Acquires Caraustar Industries from H.I.G. Capital for $1.8 Billion
February 11, 2019
Packaging
Greif, Inc. has completed the acquisition of Caraustar Industries from H.I.G. Capital for $1.8 billion. Caraustar, headquartered in Austell, Georgia, is a leading producer of uncoated and coated recycled paperboard and recovered-fiber recycling services; the acquisition expands Greif’s recycled paperboard, tubes & cores and industrial packaging capabilities across North America.
-
Triton International Acquires Global Container International
July 1, 2025
Logistics & Distribution
Triton International Limited completed the acquisition of Global Container International LLC (GCI), integrating GCI's approximately 500,000 TEU container fleet and long-term lease portfolio into Triton. The seller was Wafra (and other selling shareholders), and the deal expands Triton's scale and leasing capabilities in the global container market.
-
TricorBraun Completes Acquisition of Veritiv's Rigid Containers Business
January 31, 2025
Packaging
TricorBraun has completed the acquisition of Veritiv Containers (formerly All American Containers), a distributor of rigid packaging solutions. The deal — originally announced December 9, 2024 — adds seven locations and more than 500,000 square feet of capacity, expanding TricorBraun's North American footprint; financial terms were not disclosed.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.