Greif, inc. completes the sale of flexible packaging joint venture to gulf refined packaging

Delaware, ohio , april 1, 2022 /prnewswire/ -- greif, inc. (nyse: gef, gef.b), a global leader and industrial packaging solutions provider, announced today that it has completed its previously announced divestiture of the flexible packaging joint venture, or "fps" for a total cash consideration of $123 million, subject to certain conditions and post-closing adjustments, to gulf refined packaging. "completion of the fps divestiture and the exit of the joint venture relationship is an important step in advancing our build to last strategy," said ole rosgaard, greif's president and chief executive officer.
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