Greif, Inc.

Greif, Inc.
Public company
Traded as NYSE: GEF
Industry Packaging
Founded 1877 (1877)[1]
Headquarters Delaware, Ohio, United States
Products Steel and plastic drums and other industrial packaging
Revenue Increase US$ 4.239 billion (2014) [2]
Decrease US$ 91.5 million (2014) [2]
Number of employees
 13,325 (2014) [2]
Website greif.com

Greif, Inc. (NYSE: GEF) is an American manufacturing company based in Delaware, Ohio. Originally a manufacturer of barrels,[1] the company is now focused on producing industrial packaging and containers. In 2014 the company ranked 566 on the Fortune 1000.[3]

History

Historical Greif Bros. logo
Greif Bros logo, 1978

The company was founded in Cleveland in 1877 as "Vanderwyst and Greif" by a member of the Greif family and his partner. 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 goods. In 1926, the company made its first public offering as The Greif Bros. Cooperage Corporation.[2]

Under the leadership of John Dempsey, the company transitioned out of the cooperage industry and into industrial packaging, formally dropping the Cooperage from its name in 1969.[1] It 1964, the headquarters was moved from Cleveland to its current location in Delaware, Ohio.

By 1980, the company had approximately 100 manufacturing facilities in the United States and Canada[4]

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 company Huhtamaeki Van Leer Oyj in 2000 for $620 million, which doubled the size of the company.[5]

References

  1. 1 2 3 "Greif Inc. History". Retrieved 24 May 2015.
  2. 1 2 3 4 "Form 10-K for Greif Inc.". Securities and Exchange Commission. Retrieved 24 May 2015.
  3. ↑ "Greif Inc.". Fortune. Retrieved 24 May 2015.
  4. ↑ "Grief Brothers Expects Increase in '80 Sales". Beaver County Times. 29 Jan 1980. Retrieved 24 May 2015.
  5. ↑ "COMPANY NEWS; GREIF AGREES TO ACQUIRE A FINNISH PACKAGING BUSINESS". New York Times. 31 October 2000. Retrieved 24 May 2015.

External links

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