About This Deal

Greif acquired Delta Petroleum Company, Inc., a transaction completed in November 2006, structured as cash.

Delta Petroleum Company, Inc. operates in Industrial Packaging & Services, is based in North America and Russia. In its fiscal fourth quarter of 2006, Greif acquired Delta Petroleum Company, Inc. and its subsidiaries, a North American blender and packager of lubricants, chemicals and glycol-based products that also operated an industrial packaging business in Russia. Greif did not disclose a standalone price; the FY2006 10-K reported two small U.S. industrial-packaging acquisitions in November 2006 for an aggregate $33.7 million.

Added blending-and-packaging capability and a Russian industrial packaging presence to the Industrial Packaging & Services segment.

Blending-and-filling capability plus a foothold in Russia. Industrial Packaging & Services

Deal Terms

Acquirer
Greif
Target
Delta Petroleum Company, Inc.
Value
Not disclosed
Date
November 2006
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
North America and Russia
Segment
Industrial Packaging & Services
Structure
Cash
Closed
November 1, 2006

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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