Greif (GEF) to Acquire IPACKCHEM

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Go back to Greif (GEF) to Acquire IPACKCHEM

Greif Plans to Acquire IPACKCHEM

October 31, 2023 8:29 AM EDT

DELAWARE, Ohio, Oct. 31, 2023 (GLOBE NEWSWIRE) --

Highlights

IPACKCHEM is a global leader in premium barrier and non-barrier jerrycans and small plastic containersPlatform investment supports future growth in EMEA and APAC, with unique barrier technology, best-in-class facilities across five continents, and strong technical and operational managementFavorable exposure to secular growth markets in agriculture, specialty chemicals, flavor & fragrances, and pharmaceutical & medical diagnosticsFinancial profile is immediately accretive to EBITDA margins and free cash flowCompelling value at 9.4x last twelve months adjusted EBITDA of $57 million and 8.4x synergized1 EBITDA of $64 million for a... More