# 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.

- Type: Acquisition
- Announced: 2018-12-20
- Where: Austell, Georgia, United States
- Value: $1.80B
- Status: announced
- Products: recycled paperboard, uncoated recycled paperboard, coated recycled paperboard, tubes and cores
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [H.I.G. Capital](https://endata.com/companies/2117.md) (partner)
- [Greif](https://endata.com/companies/3215.md) (acquirer)
- [Caraustar Industries](https://endata.com/companies/4373.md) (target)
- [Paperboard Parent](https://endata.com/companies/4379.md) (target)

## Sources

- [greif.com](https://www.greif.com/greif-to-acquire-caraustar-industries/), 2018-12-20: "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."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/43920/000004392018000035/gef8-k.htm), 2018-12-20: "two of the Company's subsidiaries, Greif Packaging LLC ... entered into a definitive Agreement and Plan of Merger with Paperboard Parent, Inc., a Delaware corporation"
- [prnewswire.com](https://www.prnewswire.com/news-releases/freedonia-analyst-discusses-greifs-agreement-to-acquire-caraustar-industries-300776529.html), 2019-01-10: "On December 20, 2018, Greif, Inc., a leading industrial packaging company, announced that it had entered into a definitive agreement to acquire Caraustar Industries in a deal valued at $1.8 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.