Greif Stock

Greif, Inc. produces industrial packaging products and services. The company has operations in over 35 countries.

The company offers a comprehensive line of rigid industrial packaging products, such as steel, fiber and plastic drums, rigid intermediate bulk containers, 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, filling, logistics, warehousing and other packaging services. It 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 it uses to produce and sell industrial products (tubes and cores, construction products, and protective packaging). In addition, the company purchases and sells recycled fiber and produces and sells adhesives used in its paperboard products. The company sells timber to third parties from its timberland in the southeastern United States that it 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.

Segments

The company operates through six operating segments, which are aggregated into three reportable segments: Global Industrial Packaging; Paper Packaging & Services; and Land Management.

In the Global Industrial Packaging segment, the company is a global producer of industrial packaging products, such as steel, fiber and plastic drums, rigid intermediate bulk containers, 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, filling, logistics, warehousing and other packaging services. It 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 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. It also produces and sells coated recycled paperboard and uncoated recycled paperboard, some of which it uses to produce and sell industrial products (tubes and cores, construction products, and protective packaging). In addition, the company purchases and sells recycled fiber and produces and sells adhesives used in out paperboard products.

In the Land Management segment, the company focuses on the active harvesting and regeneration of its 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, 2023, 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.