Al Dabbagh Group Holding Company Limited agreed to acquire Greif Flexible Products and Services business from Greif, Inc. for $125 million.
March 23, 2022
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Al Dabbagh Group Holding Company Limited agreed to acquire Greif Flexible Products and Services business from Greif, Inc. (NYSE:GEF) for $125 million on December 31, 2021. ING Group acted as financial advisor to Al Dabbagh Group Holding Company Limited.
Greif, Inc. is engaged in industrial packaging products and services. The Company principally manufactures rigid industrial packaging products, such as steel, fiber and plastic drums, rigid intermediate bulk containers, jerrycans and other small plastics, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services. The Company produces and sells containerboard, corrugated sheets, corrugated containers and other corrugated products to customers in North America in industries, such as packaging, automotive, food and building products. The Company also produces and sells coated recycled paperboard and uncoated recycled paperboard, some of which are used to produce and sell industrial products (tubes and cores, construction products and protective packaging).
GREIF, INC. 
