Greif, Inc. has acquired 51% of the ownership interest in ColePak, LLC in an all-cash transaction funded through Greif's existing credit facility.

ColePak is the second largest supplier of paper partitions in North America and has a compelling future growth path in that unique product niche. As partners, ColePak adds a completely new product offering to the Greif paper converting portfolio, which provides integration to the Greif mill system in both containerboard and URB grades. Additionally, the ColePak margin profile is immediately accretive to the Greif portfolio.

The ColePak financial results will be reported within the Greif Paper Packaging & Services segment as part of its Q4 2023 results.

Greif is a global leader in industrial packaging products and services.