secwatch.observer — SEC 8-K summary
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Issuer:     GREIF, INC (GEF)
CIK:        0000043920
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0000043920-23-000054
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greif plans to acquire Ipackchem for $538M cash; EBITDA multiple 9.4x, accretive to margins
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- Purchase price $538M in cash; Ipackchem LTM sales ~$235M, adjusted EBITDA $57M.
- Multiple of 9.4x LTM adjusted EBITDA; 8.4x including $7M expected synergies within 18 months.
- Ipackchem operates 13 facilities in 8 countries with over 1,400 employees; leader in jerrycans and small plastic containers.
- Expected close by end of Q2 FY2024; funded from existing credit facilities; subject to French works council and regulatory approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43920/000004392023000054/0000043920-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43920/000004392023000054/gef-20231106.htm
  HTML page:      https://secwatch.observer/filing/0000043920-23-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer