4 Firms Steer $1.8B Greif Deal For PE-Backed Caraustar
Law360 (December 20, 2018, 3:47 PM EST) -- Packaging solutions firm Greif Inc. on Thursday said it will buy North American paperboard manufacturer Caraustar Industries Inc. from an affiliate of HIG Capital LLC in a $1.8 billion deal, with Allen & Overy LLP, Vorys Sater Seymour & Pease LLP and Ice Miller LLP guiding the buyer and Ropes & Gray LLP steering the seller.
The deal would see packaging and container manufacturer Greif take over the Austell, Georgia- based company, which provides various recycled paperboard products and packaging supplies. Greif said the deal will expand its existing paper packaging operations, giving it access to the tools and resources of...
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