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
Advisory firms were not disclosed for this transaction.