Greif, Inc. is an American

manufacturing Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a r ...

company based in Delaware, Ohio. Originally a manufacturer of

barrels A barrel or cask is a hollow cylindrical container with a bulging center, longer than it is wide. They are traditionally made of wooden staves and bound by wooden or metal hoops. The word vat is often used for large containers for liquids, u ...

, the company is now focused on producing industrial packaging and containers. In 2018, the company ranked 642 on the

Fortune 1000 The Fortune 1000 are the 1,000 largest American companies ranked by revenues, as compiled by the American business magazine ''Fortune''. It only includes companies which are incorporated or authorized to do business in the United States, and for ...

History

The company was founded in

Cleveland Cleveland ( ), officially the City of Cleveland, is a city in the U.S. state of Ohio and the county seat of Cuyahoga County. Located in the northeastern part of the state, it is situated along the southern shore of Lake Erie, across the U.S. ...

in 1877 as "Vanderwyst and Greif" by Charles Greif and his partner Albert Vanderwyst. After three brothers from the Greif family joined the company, it was renamed Greif Bros. Company, and focused on cooperage for the transportation of post-

Civil War A civil war or intrastate war is a war between organized groups within the same state (or country). The aim of one side may be to take control of the country or a region, to achieve independence for a region, or to change government policies ...

goods. In 1926, the company made its first public offering as The Greif Bros. Cooperage Corporation. In 1951, the headquarters was moved from Cleveland to its current location in Delaware, Ohio. Under the leadership of John C. Dempsey, the company transitioned out of the cooperage industry and into industrial packaging, formally dropping the Cooperage from its name in 1969. By 1980, the company had approximately 100 manufacturing facilities in the United States and

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

. In the late 1990s, and early 2000s, Greif made a significant number of purchases of packaging and industrial businesses. Most notable among these was its purchase of the industrial packaging business of

Finnish Finnish may refer to: * Something or someone from, or related to Finland * Culture of Finland * Finnish people or Finns, the primary ethnic group in Finland * Finnish language, the national language of the Finnish people * Finnish cuisine See also ...

company Huhtamaeki Van Leer Oyj in 2000 for $620 million, which doubled the size of the company. On February 11, 2019, Greif completed the acquisition of Caraustar Industries, a manufacturer of recycled materials and paper products with locations in the United States and Canada. Greif purchased Caraustar for $1.8 billion.

References

External links

*
Greif Inc. History at FundingUniverse
{{Authority control Manufacturing companies based in Ohio Delaware, Ohio Companies listed on the New York Stock Exchange Packaging companies of the United States Manufacturing companies established in 1877 1877 establishments in Ohio