Greif to sell 50% stake in Flexible Packaging JV to Gulf Refined Packaging for $123M

Greif agreed to divest its 50% share in the Flexible Packaging joint venture to Gulf Refined Packaging for $123 million in cash, subject to conditions. The deal is expected to close by March 31, 2022.

“Greif, Inc. (NYSE: GEF, GEF.B) ... announced today that it has entered into a definitive agreement to divest its 50% share in the Flexible Packaging joint venture”greif.com

• 1 source
• greif.comGreif, Inc. Announces Definitive Agreement to Divest 50% Stake in Flexible Packaging Joint Venture to Gulf Refined Packaging for $123 million - GreifJan 3, 2022

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