Greif acquired Reliance Products, Ltd. for $20.2 million (net of cash), a transaction completed in October 2023, structured as all cash.
Reliance Products, Ltd. operates in Global Industrial Packaging (custom/polymer), is based in Canada. Greif acquired Reliance Products, Ltd., a leading Canadian producer of high-performance barrier and conventional blow-molded jerrycans and small plastic containers, for $20.2 million net of cash acquired. The deal added ~$4.1 million of goodwill and ~$1.1 million of intangibles and extended Greif's blow-molded plastics platform into Canada, complementing the Lee Container acquisition.
Extends Greif's resin-based blow-molded packaging platform into Canada alongside Lee Container.
Adds a Canadian blow-molded jerrycan producer to Greif's growing polymer packaging platform. Global Industrial Packaging
Advisory firms were not disclosed for this transaction.