>Greif Bros. Corp. announced the signing of a
definitive agreement to purchase the Van Leer industrial packaging division
from Huhtamaki Van Leer Oyj of Espoo, Finland, for $620 million, which includes
the assumption of debt and other obligations as of the closing date.
This acquisition will double the size of
Greif Bros. and give the company a strong position in Europe, Asia and Latin
America. When the acquisition is completed, Greif will operate in more than 200
locations in over 40 countries with approximately 11,000 employees.
The operations to be acquired are currently organized as Royal Packaging Industries Van Leer N.V., headquartered in Amsterdam, The Netherlands. Van Leer Industrial is a worldwide provider of industrial packaging and components, including steel, fiber and plastic drums, as well as intermediate bulk containers and closure systems.
Explore the October 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Summa Equity acquires majority stake of Bollegraaf
- PTR adds new inside sales account manager
- Cascade Engineering distributes free carts in Flint, Michigan
- CMRA selects venue for nonferrous recycling event
- Biffa adds C&D recycling firm to its portfolio
- Cliffs lines up funding for Canadian acquisition
- BIR joins plastics life cycle effort
- Black mass analysis in the sights of equipment maker
