# Greif to acquire IPACKCHEM from SK Capital for $538 million

Greif entered exclusive negotiations to acquire IPACKCHEM Group SAS, a maker of jerrycans and small plastic containers, from an affiliate of SK Capital Partners in a cash deal valued at $538 million. Closing is expected by the end of Greif's second quarter of fiscal 2024, subject to French consultation and regulatory clearances.

- Type: Acquisition
- Announced: 2023-10-31
- Where: Paris, France
- Value: $538.0M
- Status: announced
- Products: jerrycans, small plastic containers, barrier plastic 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) (acquirer)
- [SK Capital Partners](https://endata.com/companies/7815.md) (investor)
- [SK Capital Partners](https://endata.com/companies/7815.md) (partner)
- [IPACKCHEM Group](https://endata.com/companies/7816.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2023/10/31/2770180/0/en/greif-plans-to-acquire-ipackchem.html), 2023-10-31: "entered into exclusive negotiations to acquire I PACKCHEM Group SAS"
- [greif.com](https://www.greif.com/greif-plans-to-acquire-ipackchem/), 2023-10-31: "The planned cash transaction, valued at $538 million, would be funded through available capacity in Greif's existing credit facilities."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/greif-proposal-acquisition-ipackchem/), 2023-11-01: "The proposed transaction is valued at $538m in cash value."
- [secwatch.observer](https://secwatch.observer/filing/0000043920-23-000059), 2023-11-21: "On November 17, 2023, GIH, Greif Packaging LLC, a Delaware limited liability company and a subsidiary of the Company ("Greif Packaging"), and Sellers entered into the SPA."

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