Greif, Inc. is a global producer of industrial packaging products and services with operations in over 35 countries.
The company offers a comprehensive line of rigid industrial packaging products, such as steel, fibre and plastic drums, rigid intermediate bulk containers, jerrycans and other small plastics, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life...
Greif, Inc. is a global producer of industrial packaging products and services with operations in over 35 countries.
The company offers a comprehensive line of rigid industrial packaging products, such as steel, fibre and plastic drums, rigid intermediate bulk containers, jerrycans and other small plastics, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, logistics, warehousing and other packaging services.
The company produces and sells containerboard, corrugated sheets, corrugated containers and other corrugated products to customers in North America in industries such as packaging, automotive, food and building products. The company also produces and sells coated recycled paperboard and uncoated recycled paperboard, some of which are used to produce and sell industrial products (tubes and cores, construction products and protective packaging). The company also produces and sells bulk and specialty partitions made from both containerboard and uncoated recycled paperboard.
In addition, the company purchases and sells recycled fiber and produce and sell adhesives used in the company’s paperboard products. The company sells timber to third parties from the company’s timberland in the southeastern United States that the company manages to maximize long-term value. In addition, the company sells, from time to time, timberland and special use land, which consists of surplus land, higher and better use (‘HBU’) land and development land. The company’s customers range from Fortune 500 companies to medium and small-sized companies in a cross section of industries.
The company’s operations are located in North and Latin America, Europe, the Middle East, Africa and the Asia Pacific regions.
The company’s customers generally consist of other manufacturers and suppliers who purchase industrial packaging products and containerboard and uncoated and coated recycled boxboard and related products for their own containment and shipping purposes.
Segments
For the year ended October 31, 2024 (fiscal year 2024), the company operated in seven operating segments, which are aggregated into three reportable segments: Global Industrial Packaging; Paper Packaging & Services; and Land Management.
Beginning with the company’s first quarter of 2025, the company will operate in four operating segments and four reportable segments: Customized Polymer Solutions; Durable Metal Solutions; Sustainable Fiber Solutions; and Integrated Solutions.
Sales
In the Global Industrial Packaging reportable segment, the company is a leading global producer of industrial packaging products, such as steel, fibre and plastic drums, rigid intermediate bulk containers, jerrycans and other small plastics, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, logistics, warehousing and other packaging services. The company sells its industrial packaging products on a global basis to customers in industries such as chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceutical and minerals, among others.
In the Paper Packaging & Services reportable segment, the company produces and sells containerboard, corrugated sheets, corrugated containers and other corrugated products to customers in North America in industries such as packaging, automotive, food and building products. The company’s corrugated container products are used to ship such diverse products as home appliances, small machinery, grocery products, automotive components, books and furniture, as well as numerous other applications. The company also produces and sells coated recycled paperboard and uncoated recycled paperboard, some of which are used to produce and sell industrial products (tubes and cores, construction products and protective packaging), which ultimately serve both industrial and consumer markets. The company produces and sells bulk and specialty partitions made from both containerboard and uncoated recycled board. In addition, the company purchases and sells recycled fiber and produces and sells adhesives used in the company’s paperboard products.
In the Land Management reportable segment, the company is focused on the active harvesting and regeneration of the company’s United States timber properties to achieve sustainable long-term yields. While timber sales are subject to fluctuations, the company seeks to maintain a consistent cutting schedule, within the limits of market and weather conditions. The company also sells, from time to time, timberland and special use land, which consists of surplus land, HBU land and development land. As of October 31, 2024, the company owned approximately 175,000 acres of timber properties in the southeastern United States.
History
The company was founded in 1877. It was incorporated as a Delaware corporation in 1926. The company was formerly known as The Greif Bros. Cooperage Corporation and changed its name to Greif, Inc. in 2001.