Greif acquires Lee Container for $300M cash; reaffirms FY22 EPS guidance

GREIF, INC

Purchase price $300M in cash from existing credit facility; estimated $30M NPV of tax benefits.
Lee Container had trailing 12mo sales of $162M and adjusted EBITDA of $33M through Sep 30, 2022.
Expects $6M in cost synergies within two years; transaction expected to close by end of 2022.
Reaffirms FY2022 EPS guidance of $7.90-$8.10 on better pricing offset by weaker volumes in EMEA/APAC.
Acquisition solidifies Greif's jerrycan and small plastic bottle footprint in North America.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GREIF, INC entered into Membership Interest Purchase Agreement with LCC Topco, Inc., LI Topco, LLC, LCIH Topco, Inc. valued at $300 million (effective 2022-11-08).

Action: entry
Agreement: asset purchase
Counterparty: LCC Topco, Inc., LI Topco, LLC, LCIH Topco, Inc.
Value: $300 million
Effective: 2022-11-08

Exact text from the filing

Under the Purchase Agreement, the Sellers are selling to Buyer, and Buyer is purchasing from Sellers, all of the issued and outstanding limited liability company membership interests

View on SEC.gov

164 material agreements filed in the last 30 days. Browse all material agreements →

GREIF, INC filing history →

Source: SEC EDGAR

accession 0000043920-22-000077

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.