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Delaware, Ohio based Greif, Inc.,a leader in industrial packaging products and services, announced last week that it has entered into a definitive agreement to acquire Austell, Georgia based Caraustar Industries, Inc., a recycled paperboard and packaging solutions company, from an affiliate of H.I.G. Capital, in a cash transaction valued at $1.8 billion. The transaction is expected to close during the first quarter of calendar year 2019, subject to customary closing conditions, including regulatory clearances.

Read additional coverage on Page 1 of the December 24 issue of Board Converting News.

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