Greif Inc. Acquires Reliance Products Ltd., A Producer Of High-Performance Barrier And Conventional Blow Molded Jerrycans And Small Plastic Containers In Canada; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Greif, Inc. (NYSE:GEF, GEF.B) has acquired Reliance Products, Ltd., a Canadian producer of high-performance barrier and conventional blow molded jerrycans and small plastic containers. The all-cash transaction was funded through Greif's existing credit facility. The acquisition is expected to add geographic breadth and a new barrier technology to Greif's portfolio.
October 02, 2023 | 12:31 pm
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POSITIVE IMPACT
Greif's acquisition of Reliance Products could potentially enhance its product portfolio and expand its geographic reach, which may positively impact its stock in the short term.
The acquisition of Reliance Products provides Greif with a new barrier technology and expands its reach into the Canadian market. This could potentially lead to increased sales and revenue, which may positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100