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Greif Acquires Minority Stake in IBC Reconditioning Business

Greif also 'agreed to a clear path to full ownership,' per Ole Rosgaard, Greif group president, Rigid Industrial Packaging & Services and Global Sustainability.

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By: Anthony Locicero

Copy editor, New York Post

Greif, Inc. said it is expanding its intermediate bulk container (IBC) reconditioning network in North America through a minority investment stake in Centurion Container LLC.

“Greif is pleased to be taking a minority stake in Centurion and agreed to a clear path to full ownership,” said Ole Rosgaard, Greif group president, Rigid Industrial Packaging & Services and Global Sustainability. “This deal and its partnership will enable us to provide our customers with an enhanced sustainable packaging solution along with the economies inherent in reusable packaging.”

“We are excited to partner with a company like Greif that will provide us with global recognition and the added resources needed to better serve our customers throughout our expanding industrial footprint,” added Elliot Pearlman, chairman of Centurion. 

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