Greif Plans To Acquire IPACKCHEM Group SAS, A Global Leader In Premium Barrier And Non-Barrier Jerrycans And Small Plastic Containers, From An Affiliate Of SK Capital Partners, In A Cash Transaction Valued At $538M
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Greif, Inc. (NYSE:GEF) plans to acquire IPACKCHEM Group SAS, a global leader in premium barrier and non-barrier jerrycans and small plastic containers, from an affiliate of SK Capital Partners, in a cash transaction valued at $538 million. The acquisition is expected to close by the end of the second quarter of Greif's 2024 fiscal year, subject to regulatory clearances. IPACKCHEM generated sales of approximately $235 million and adjusted EBITDA of approximately $57 million for the last twelve months ended September 30, 2023.
October 31, 2023 | 12:31 pm
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Greif's planned acquisition of IPACKCHEM Group SAS is expected to support future growth and is immediately accretive to EBITDA margins and free cash flow. The deal is valued at $538 million and is expected to close by the end of the second quarter of Greif's 2024 fiscal year.
The acquisition of IPACKCHEM Group SAS, a global leader in its field, is expected to support Greif's future growth and immediately contribute to EBITDA margins and free cash flow. This suggests a positive impact on Greif's financial performance and, consequently, its stock price in the short term.
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