Greif Inc. Acquires Reliance Products Ltd.
DELAWARE, Ohio, Oct. 2, 2023 /PRNewswire/ -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, announced today it has acquired Reliance Products, Ltd. ("Reliance Products" or "Reliance"), a leading producer of high-performance barrier and conventional blow molded jerrycans and small plastic containers in Canada. The all-cash transaction, which reflects approximately 6.75x proforma adjusted EBITDA, was funded through Greif's existing credit facility.
With a single operating location in Winnipeg, Canada, Reliance's operations are str
