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Article: Greif Bros. Corporation Announces Completion Of Van Leer Industrial Acquisition.
- Article from:
- PR Newswire
- Article date:
- March 2, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Greif Closes Purchase of Van Leer Industrial for $555 Million
Acquisition Makes Greif the Global Leader In
Industrial Packaging Products and Shipping Solutions
DELAWARE, Ohio, March 2 /PRNewswire/ --
Greif Bros. Corporation (Nasdaq: GBCOA/GBCOB) today announced completion of its purchase of the Van Leer Industrial packaging division from Huhtamaki Van Leer Oyj of Espoo, Finland (HEX: HVL1V) for $555 million, which includes the assumption of debt and other obligations. Greif and Huhtamaki announced the signing of a definitive purchase agreement for Van Leer Industrial on October 30, 2000 and an amendment on January 26, 2001.
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