Greif acquires stake in paperboard partition company

Recycled-content board producer takes 51 percent stake in ColePak LLC, which makes paperboard packaging partitions in Ohio and California.

Delaware, Ohio-based Greif Inc. says it has acquired 51 percent of Urbana, Ohio-based ColePak LLC, a maker of paperboard partitions for packaging applications. Grief says it took part in an all-cash transaction funded through its existing credit facility.

Greif describes ColePak as the second largest supplier of paper partitions in North America and says the firm “has a compelling future growth path in that unique product niche.”

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