Profile: Greif Inc (GEF.N)

GEF.N on New York Stock Exchange

47.99USD
19 Dec 2014
Price Change (% chg)

$0.91 (+1.93%)
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$47.08
Open
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Volume
210,610
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$56.40
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Greif, Inc., incorporated on January 25, 1926, is a producer of industrial packaging products and services with manufacturing facilities located in over 50 countries. The Company offers a line of rigid industrial packaging products, such as steel, fiber and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and reconditioned containers, and services, such as container life cycle services, blending, filling and other packaging services, logistics and warehousing. It is also a producer of flexible intermediate bulk containers and a North American producer of industrial and consumer shipping sacks and multiwall bag products. It also produces containerboard and corrugated products in North America. The Company sells timber to third parties from its timberland in the southeastern United States. In addition, the Company sells timberland and special use land, which consists of surplus land, higher and better use (HBU) land, and development land. The Company operates in four business segments: Rigid Industrial Packaging & Services; Flexible Products & Services; Paper Packaging, and Land Management.

As of October 31, 2013, the Company owned approximately 252,475 acres of timber properties in the southeastern United States, which are actively managed, and approximately 10,300 acres of timber properties in Canada, which are not actively managed. It also sells, from time to time, timberland and special use properties, which consists of surplus properties, HBU properties, and development properties.

Rigid Industrial Packaging & Services

Greif, Inc. produces rigid industrial packaging products, including steel, fiber and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and reconditioned containers, and services, such as container life cycle services, blending, filling and other packaging services, logistics and warehousing. The Company sells its rigid industrial packaging products to customers in industries such as chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agricultural, pharmaceutical and mineral, among others.

Flexible Products & Services

In the Flexible Products & Services segment, the Company produces flexible intermediate bulk containers and a North American producer of industrial and consumer shipping sacks and multiwall bag products. Its flexible intermediate bulk containers consist of a polypropylene-based woven fabric that is produced at its production sites, as well as sourced from strategic regional suppliers.

Paper Packaging

In the Paper Packaging segment, the Company sells containerboard, corrugated sheets and other corrugated products to customers in North America in industries, such as packaging, automotive, food and building products. Its corrugated container products are used to ship products, such as home appliances, small machinery, grocery products, building products, automotive components, books and furniture, as well as numerous other applications.

Land Management segment

In the Land Management segment, the Company focuses on the active harvesting and regeneration of its United States timber properties to achieve sustainable long-term yields. The Company also sells, from time to time, timberland and special use land, which consists of surplus land, HBU land and development land.

Company Address

Greif Inc

425 Winter Rd
DELAWARE   OH   43015-8903
P: +1740.5496000
F: +1302.6555049

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