Greif Inc (NYSE: GEF) is an industrial packaging company that manufactures and sells steel, fibre, and plastic drums, rigid intermediate bulk containers, jerrycans, closure systems, transit protection products, water bottles, and remanufactured industrial containers. Revenue is transactional, generated by selling rigid industrial packaging products and paper-based packaging products, with additional services including container life cycle management, logistics, and warehousing. Greif operates across four reportable segments as of FY2024: Global Industrial Packaging, Paper Packaging and Services, Sustainable Fiber Solutions, and Integrated Solutions. The company has manufacturing and service operations in over 35 countries, with paper packaging and fiber-based products sold primarily in North America. Raw materials include steel, resin, pulpwood, old corrugated containers, and used industrial packaging for reconditioning. CEO Ole G. Rosgaard leads the company, with Lawrence A. Hilsheimer serving as CFO. The fiscal year ends October 31.

Revenue model

Transactional product sales across rigid industrial packaging (steel, fibre, and plastic drums, IBCs, jerrycans, closures) and paper packaging (containerboard, corrugated sheets, corrugated containers, tubes and cores, coated and uncoated recycled paperboard). Service revenue from container life cycle management, logistics, and warehousing. Timber and timberland sales in the southeastern United States provide an additional revenue stream.

Products and services

Steel drums, fibre drums, plastic drums, rigid intermediate bulk containers (IBCs), jerrycans, small plastics, closure systems, transit protection products, water bottles, remanufactured and reconditioned industrial containers, containerboard, corrugated sheets, corrugated containers, coated recycled paperboard, uncoated recycled paperboard, tubes and cores, construction products, protective packaging, bulk and specialty partitions, adhesives, paints, linings, recycled fiber, container life cycle management services, logistics, warehousing, timber.

Customers and end markets

Industrial end markets globally for rigid packaging products. Paper and fiber-based packaging products sold in North America to industries including packaging, automotive, food and beverage, construction, and building products. Integrated Solutions products and services sold both internally and to external customers including competitors.

Value-chain role

Manufacturer and service provider of industrial packaging and paper-based packaging products. Purchases raw materials (steel, resin, pulpwood, OCC, recycled paperboard, used industrial containers) on open market and under supply agreements, manufactures finished packaging products, and provides downstream services including reconditioning, container life cycle management, logistics, and warehousing.

Geographic exposure

Operations in over 35 countries globally for industrial packaging. Paper packaging and fiber-based products primarily sold in North America. Timberland holdings in the southeastern United States.

Source: SEC 10-K, filed 2024-12-23

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