DELAWARE, Ohio, April 3, 2023 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced it has completed an acquisition increasing its ownership in Centurion Container LLC ("Centurion"), a leader in North American intermediate bulk container ("IBC") and plastic drum reconditioning, from 9% to 80% in an all-cash transaction for $145 million, subject to customary closing adjustments, funded through Greif's existing credit facility. Since joint venture inception in 2020, Centurion's experienced management team has successfully scaled a broad reconditioning network which, now under Greif majority ownership, will greatly expand Greif's presence in North America and Centurion's offering of reusable and sustainable packaging solutions.