Deal Details
Lee Container Is Acquired by Greif
Summary
Lee Container Corporation, Inc. (“Lee Container”) recently announced an agreement to be acquired by Greif, Inc. (“Greif” or the “Company”) (NYSE: GEF, GEF.B) for $300 million in cash. The transaction is subject to customary closing conditions, including regulatory clearances, and is expected to close in the fourth quarter of 2022.
Baird served as the exclusive financial advisor to Lee Container on this transaction.
About
Lee Container is a leader in the North American blow molded jerrycan industry, primarily serving growth-oriented customers in the agrochemical, other specialty chemical, oil & lubricant and pet care segments. Lee Container operates three strategically positioned manufacturing facilities in Homerville, Georgia, Centerville, Iowa and Nacogdoches, Texas, with over 500 employees throughout the United States.Greif is a global leader in industrial packaging products and services and is pursuing its vision: be the best performing customer service company in the world. The Company produces steel, plastic and fiber drums, intermediate bulk containers, reconditioned containers, 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 35 countries to serve global as well as regional customers.
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- Date
- November 2022
- Company
- Lee Container Corporation, Inc.
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Packaging & Containers
- Target Geography
- North America
- Acquiror Geography
- North America
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