# 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.

- Type: Acquisition
- Announced: 2022-01-03
- Where: United States
- Value: $123.0M
- Status: announced
- Products: flexible packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Greif](https://endata.com/companies/3215.md) (partner)
- [Gulf Refined Packaging](https://endata.com/companies/8753.md) (acquirer)

## Sources

- [greif.com](https://www.greif.com/greif-inc-announces-definitive-agreement-to-divest-50-stake-in-flexible-packaging-joint-venture-to-gulf-refined-packaging-for-123-million/), 2022-01-03: "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"

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