Greif Acquires Spanish Polymer Container Producer Envaplast
Greif has acquired Envaplast, a Spanish producer of polymer containers, for $61.7 million net of cash acquired. The acquisition is part of Greif's strategy to expand its presence in the small polymer sector and strengthen its market position in Europe. The company reported strong fiscal Q3 2026 results with net sales reaching $1.17 billion — a year-over-year increase of 3.5%. Net income rose significantly from $61 million in Fiscal Q3 2025 to $81.6 million this quarter, driven by cost-cutting measures and operational improvements. Despite ongoing challenges due to the Middle East conflict, which is expected to negatively impact Greif's performance by approximately $20 million for the year, all four business segments showed sequential improvement.
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