Greif Receives Antitrust Clearance for Caraustar Acquisition

PRNewswire 1-Feb-2019 8:15 AM

DELAWARE, Ohio, Feb. 1, 2019 /PRNewswire/ -- Greif, Inc. (NYSE:GEF, GEF.B)), a global leader in industrial packaging products and services, announced today that it has received notice that the U.S. Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act regarding Greif's pending acquisition of Caraustar Industries, Inc.

As this was the last regulatory approval required to complete the pending acquisition, Greif and Caraustar Industries expect the acquisition to close on February 11, 2019, subject to customary closing conditions. 

About Greif

Greif is a global leader in packaging products and services and is pursuing its vision: in packaging, be the best performing customer service company in the world. The company produces a variety of rigid and flexible containers for a wide range of industries and also produces a variety of containerboard and boxboard products. In addition, Greif also 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.

For more information, please contact:

Investors: Matt Eichmann, Vice President, Investor Relations & Corporate Communications, 740-549-6067

Media: Debbie Crow, Director, Corporate Communications, 740-657-6992

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SOURCE Greif, Inc.