Greif, Inc.

Greif is a global leader in industrial packaging products and services and is pursuing its vision: In industrial packaging, be the best performing customer service company in the world. The Company produces steel, plastic and fibre drums, intermediate bulk containers, reconditioned containers, flexible products, containerboard, uncoated recycled paperboard, coated recycled paperboard, tubes and cores and a diverse mix of specialty products. The Company also manufactures packaging accessories and provides filling, packaging and other services for a wide range of industries. In addition, Greif manages timber properties in the southeastern United States. The Company is strategically positioned in over 40 countries to serve global as well as regional customers. Additional information is on the Company's website at www.greif.com. https://finance.yahoo.com/quote/GEF?p=GEF&.tsrc=fin-srch

Greif, Inc.
TypePublic company
NYSE: GEF (Class A)
NYSE: GEF.B (Class B)
S&P 400 Component (GEF)
Russell 2000 Component (GEF.B)
IndustryPackaging
Founded1877 (1877)[1]
Headquarters
Delaware, Ohio, U.S.
ProductsIndustrial packaging
US$ 108.8 million (2020)
Number of employees
16,000[2] (2020)
Websitegreif.com

History
Greif Bros logo, 1978

The company was founded in Cleveland in 1877 as "Vanderwyst and Greif" by Charles Greif and his partner Albert Vanderwyst. After three brothers from the Greif family joined the company, it was renamed Greif Bros. Company, and focused on cooperage for the transportation of post-Civil War goods. In 1926, the company made its first public offering as The Greif Bros. Cooperage Corporation.[3]

In 1951, the headquarters was moved from Cleveland to its current location in Delaware, Ohio. Under the leadership of John C. Dempsey, the company transitioned out of the cooperage industry and into industrial packaging, formally dropping the Cooperage from its name in 1969.[1] By 1980, the company had approximately 100 manufacturing facilities in the United States and Canada[4]

In the late 1990s, and early 2000s, Greif made a significant number of purchases of packaging and industrial businesses. Most notable among these was its purchase of the industrial packaging business of Finnish company Huhtamaeki Van Leer Oyj in 2000 for $620 million, which doubled the size of the company.[5]

On February 11, 2019, Greif completed the acquisition of Caraustar Industries, a leader in the manufacturing of high-quality recycled materials and paper products with locations in the United States and Canada. Greif purchased Caraustar for $1.8 billion.[6]

References
  1. "Greif Inc. History". Retrieved 24 May 2015.
  2. "greif.com". Retrieved 21 January 2020.
  3. "2014 Form 10-K for Greif Inc". Securities and Exchange Commission. Retrieved 24 May 2015.
  4. "Grief Brothers Expects Increase in '80 Sales". Beaver County Times. 29 Jan 1980. Retrieved 24 May 2015.
  5. "COMPANY NEWS; GREIF AGREES TO ACQUIRE A FINNISH PACKAGING BUSINESS". New York Times. 31 October 2000. Retrieved 24 May 2015.
  6. "Greif Completes Acquisition of Caraustar Industries". Greif. 11 February 2019. Retrieved 11 February 2019.
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