Greif acquires 80% of Centurion Container in $145 million deal
Grief is one of the largest individual packing providers in the world. With locations across the United States and around the world they are a powerhouse in the reusable packing industry. Greif Corporation has acquired an 80% stake in Centurion Container. Centurion Container is a US based IBC tote recycler and recondition. They have locations in Illinois, North Carolina, Texas, Iowa, and Tennessee.
Grief previously owned a minority stake of 10% in the company but decided to increase it to 80% in a 145 Million Dollar all cash deal. This will improve Greifs United States IBC tote production and capabilities. Where they will compete in the market with companies such as mauser packaging and SCHÜTZ
With its vision to be the best performing customer service company in the world, Greif is a global leader in industrial packaging products and services.A varied range of specialty products is manufactured by the Company, including steel, plastic and fibre drums, reconditioned containers, jerrycans and other small plastics, tube and cores, and uncoated and coated recycled paperboard.In addition to manufacturing packaging accessories, the company also provides filling, packaging, and other services.
With expertise in IBCs and plastic drums, Centurion Container is one of the leading suppliers of industrial packaging. As a national collection and logistics company, Centurion operates eight IBC Tote reconditioning facilities across the United States.