About This Deal

Greif acquired Great Lakes Corrugated Corp. & Trend Pak, Inc. for approximately $21 million (combined), a transaction completed in April 1999, structured as all cash.

Great Lakes Corrugated Corp. & Trend Pak, Inc. operates in Containerboard & Corrugated Products, is based in United States, had revenue of about approx. $16M of added net sales (year after close). Greif acquired Great Lakes Corrugated Corp. and Trend Pak, Inc. together for roughly $21 million, paid in cash drawn on its revolving credit facility. The two businesses added corrugated products capacity and contributed about $16 million of incremental net sales in the following year.

Strengthened Greif's containerboard and corrugated products segment.

Bolt-on capacity for the containerboard and corrugated segment. Containerboard & Corrugated Products

Deal Terms

Acquirer
Greif
Target
Great Lakes Corrugated Corp. & Trend Pak, Inc.
Value
Approximately $21 million (combined)
Date
April 1999
Type
Full acquisition (two companies)
Status
Ready

Transaction Details

Target HQ
United States
Segment
Containerboard & Corrugated Products
Structure
All cash
Target revenue
Approx. $16M of added net sales (year after close)
Closed
April 5, 1999

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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