# Greif completes acquisition of Caraustar Industries for $1.8 billion

Greif has completed its all-cash acquisition of Caraustar Industries for $1.8 billion, expecting at least $45 million in cost synergies within 36 months.

- Type: Acquisition
- Announced: 2019-02-11
- Where: Austell, Georgia, United States
- Value: $1.80B
- Status: completed
- Products: paperboard, industrial packaging, steel drums, containerboard
- 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)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/greif-completes-acquisition-of-caraustar-industries-300793308.html), 2019-02-11: "Greif, Inc. ... announced today that it has completed its previously announced acquisition of Caraustar Industries, Inc."
- [recyclingtoday.com](https://www.recyclingtoday.com/news/greif-caraustar-paper-recycling-hig-capital/), 2019-02-12: "H.I.G. Capital ... has completed the sale of its former portfolio company Caraustar Industries Inc., Austell, Georgia, to Delaware, Ohio-based Greif Inc. for $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.