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US: Greif approved for US$1.8B acquisition of Caraustar

By  |  February 4, 2019

Industrial packaging products and services firm Greif has received the regulatory approval from the US Federal Trade Commission to close the US$1.8 billion acquisition of Caraustar Industries.

The Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Act regarding the transaction.

Both companies are now planning to complete the deal on February 11 as they have received the final regulatory approval.

In December, Greif signed a definitive agreement to acquire Caraustar from an affiliate of HIG Capital in a cash transaction of US$1.8 billion.

Full Content: Compelo

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