The BFKN Corporate & Securities Group served as legal counsel to certain selling owners of Centurion Container LLC, a leader in North American intermediate bulk container and plastic drum reconditioning, in their sale of a controlling interest in Centurion to Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, in an all-cash transaction for $145 million, subject to customary closing adjustments. The sale increased Grief's ownership in Centurion from 9% to 80%.
Michael Chorpash, President and CEO of Centurion, remarked “Greif has been a tremendous partner these past three years, and we are excited to continue to grow Centurion with them. Our two companies align well with our shared commitments to advance a circular economy and reduce greenhouse gas emissions.”
BFKN’s legal team was led by partner Matthew A. Jackson and associate Katie E. Yonover. Partner Andrew K. Strimaitis advised on executive compensation and benefit matters. Partner Michael J. Towne and associate Megan E. Toal advised on tax considerations related to the acquisition agreement.
To read more about this announced deal, visit:
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BFKN's Corporate & Securities Group represents public and privately held domestic and international companies, as well as investors, management and boards of directors, in a wide range of corporate and securities law matters. Our broad experience includes mergers, acquisitions and sales of businesses, private equity, debt and equity financing transactions, domestic and international joint ventures, public and private securities offerings and underwritings, SEC filings and compliance matters, and corporate governance and stockholder issues.