Greif, Inc. Acquires Vietnam Steel Drum Facility
May 06 2008 - 7:26AM
PR Newswire (US)
DELAWARE, Ohio, May 6 /PRNewswire-FirstCall/ -- On May 2, Greif,
Inc. (NYSE:GEFNYSE:GEF.B) acquired Petro-Summit Mechanical Co Ltd.,
Vietnam, a subsidiary of Asian Steel Co. Singapore. Located in Vung
Tau Province, the facility manufactures 200-litre steel drums
serving the Mekong hinterland, the main commercial area of Vietnam.
It is Greif's first plant in the country. Greif Vietnam will be
managed as part of the Greif South East Asia (SEA) business. Terms
of the deal were not disclosed. Greif is a world leader in
industrial packaging products and services. The company produces
steel, plastic, fibre, corrugated and multiwall containers,
protective packaging and containerboard, and provides blending,
filling and packaging services for a wide range of industries.
Greif also manages timber properties in North America. The Company
is strategically positioned in 47 countries to serve global as well
as regional customers. Additional information is on the Company's
website at http://www.greif.com/ . DATASOURCE: Greif, Inc. CONTACT:
Deb Strohmaier, APR, Vice President, Communications of Greif, Inc.,
+1-740-549-6074, Web site: http://www.greif.com/
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