Profile: Greif Inc (GEFb.N)
26 Oct 2016
Greif, Inc., incorporated on January 25, 1926, is a producer of industrial packaging products and services. The Company operates in four business segments: Rigid Industrial Packaging & Services; Paper Packaging; Flexible Products & Services, and Land Management. The Company is also a producer of flexible intermediate bulk containers and sells timber to third-parties. The Company owns timber properties located in the southeastern United States and in Canada. The Company has manufacturing facilities located in over 50 countries. 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.
Rigid Industrial Packaging & Services
The Rigid Industrial Packaging & Services segment 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, water bottles and remanufactured and reconditioned industrial containers. This segment also offers services, such as container life cycle management, blending, filing, logistics, warehousing and other packaging services. 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
The Flexible Products & Services segment, offers a line of flexible products, such as flexible intermediate bulk containers and related services. 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.
The Paper Packaging segment produces and sells containerboard, corrugated sheets, corrugated containers and other corrugated products. The Company's customers are located in North America and cater to various 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.
The Land Management segment focuses on the active harvesting and regeneration of its United States timber properties. As of October 31, 2014, the Company owned approximately 250,200 acres of timber properties in the southeastern United States, which are actively managed, and approximately 5,300 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.
425 Winter Rd
DELAWARE OH 43015-8903