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.”