Greif Completes Acquisition Increasing Ownership in Centurion Container LLC from 9% to 80%

Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced it has completed an acquisition increasing its ownership in Centurion Container LLC (“Centurion”), a leader in North American intermediate bulk container (“IBC”) and plastic drum reconditioning, from 9% to 80% in an all-cash transaction for $145 million, subject to customary closing adjustments, funded through Greif’s existing credit facility.

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