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MAUSER Acquires Greif Plastic Drum and IBC Business in Brazil

2015-05-15 12:31:10| Industrial Newsroom - All News for Today

Bruehl, Germany - MAUSER Group, a worldwide leading company in industrial packaging based in Bruehl, Germany, acquired the plastic drum and IBC business of Greif in Sao Paulo, Brazil. The acquisition was effective May 1, 2015 with the newly added business providing MAUSER a broader customer base to supply its...

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Greif closing plants in Missouri, Louisiana, Germany

2015-03-03 22:34:48| Industrial Machines - Topix.net

The Delaware packaging company said it is closing steel drum manufacturing facilities in Fenton, Missouri, and Harahan, Louisiana, and moving the work into existing Grief locations in the U.S. It's also closing manufacturing operations in Germany that won't be relocated, and closing other operations in that country with the work moving to a Rumbeke, Belgium, facility. "Our customer needs are constantly evolving," Chief Operating Officer Pete Watson said in a statement.

Tags: germany plants closing missouri

Good Grief: Dividend At Risk For Greif, Inc

2015-02-10 17:03:13| Industrial Machines - Topix.net

Greif is commodity producer of packaging goods; its prices are deflationary, its business is capex intensive, exposed to energy markets plus under severe pressure from FX headwinds . GEF struggles from a leveraged acquisition spree where it acquired 40 companies for $1.2 billion.

Tags: good inc risk dividend

Greif, Inc. Sells Multiwall Packaging Division to Industrial Opportunity Partners

2014-09-04 11:19:46| Industrial Machines - Topix.net

Terms of the transaction were not disclosed. The Multiwall Packaging Division, founded in 1950 as a division of Greif, produces large format multiwall paper bags used primarily in industrial applications of agricultural and food grade products.

Tags: industrial partners opportunity division