Greif to Acquire Caraustar Industries Significantly Enhances Margins and Free Cash Flow Strengthening its Leadership in Industrial Packaging PR Newswire DELAWARE, Ohio, Dec. 20, 2018 DELAWARE , Ohio , Dec. 20, 2018 /PRNewswire/ — Highlights Caraustar is a leading vertically-integrated paperboard manufacturer that operates four primarily complementary businesses in North America Immediately accretive to margins, earnings per share and free cash flow Strong free cash flow generation will drive rapid deleveraging, allowing for meaningful equity accretion and enhancing Greif’s strategic flexibility for capital deployment Significantly strengthens and balances Greif’s portfolio and expands its paper franchise by acquiring a vertically integrated leader in recycled paperboard manufacturing Significant value creation opportunity, with at least $45 million of annual run-rate cost synergies identified Attractive transaction enterprise value of $1.8 billion , corresponding to 8.2x the last twelve month run – rate EBITDA of $220 million , or 6.8x the synergized run – rate EBITDA of $265 million Offers strong cultural fit and alignment due to Caraustar’s close operational adjacency to Greif’s mill operations and the strong management and teams they possess Transaction Overview Greif, Inc […]