GEF - Greif Acquires Reliance Products Boosting Barrier Technology Portfolio | Benzinga
Greif, Inc. (NYSE: GEF) has announced the acquisition of Reliance Products, Ltd., a producer of barrier and conventional blow molded jerrycans and small plastic containers in Canada.
The acquisition, an all-cash deal, was facilitated through Greif's pre-existing credit facility and is valued at approximately 6.75x proforma adjusted EBITDA. The financial terms were not disclosed.
Reliance is based in Winnipeg, ...