Greif, inc. announces definitive agreement to divest 50% stake in flexible packaging joint venture to gulf refined packaging for $123 million

Delaware, ohio, jan. 3, 2022 /prnewswire/ -- greif, inc. (nyse: gef, gef.b), a global leader in industrial packaging products and services, announced today that it has entered into a definitive agreement to divest its 50% share in the flexible packaging joint venture, or "fps" to gulf refined packaging (grp) for a total cash consideration of $123 million, subject to certain conditions and post-closing adjustments. greif expects to use the proceeds for debt repayment.
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