Greif to acquire Caraustar Industries for $1.8 billion

Greif agreed to acquire recycled paperboard maker Caraustar Industries from H.I.G. Capital in a cash deal valued at $1.8 billion. Closing is expected in Q1 2019, with at least $45 million of annual cost synergies identified.

“Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today that it has entered into a definitive agreement to acquire Caraustar Industries, Inc.”greif.com

• 3 sources
• greif.comGreif to Acquire Caraustar Industries - GreifDec 20, 2018
• sec.govGREIF, INC Form 8-K filed December 20, 2018Dec 20, 2018
• prnewswire.comFreedonia Analyst Discusses Greif's Agreement to Acquire Caraustar IndustriesJan 10, 2019

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