Company: GEF
Filing Date: 2025-08-28
Form Type: 10-Q
Source: 0000043920-25-000048
Chunk: 78

Company: GREIF, INC
Filing Date: 2025-08-28
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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 of high-performance plastic packaging, including premium barrier and non-barrier jerrycans and other small plastic containers. The total purchase price for this acquisition was $582.1 million. The Company incurred transaction costs of $8.9 million to complete this acquisition.As of April 30, 2025, the Company had completed the determination of the fair value of assets acquired and liabilities assumed related to the Ipackchem Acquisition.The following table summarizes the consideration transferred to acquire Ipackchem and the final valuation of identifiable assets acquired and liabilities assumed at the acquisition date:(in millions)Amounts Recognized as of the Acquisition DateMeasurement Period AdjustmentsAmount Recognized as of Acquisition Date (as Adjusted)Fair value of consideration transferredCash consideration$582.1 $— $582.1 Recognized amounts of identifiable assets acquired and liabilities assumedCash and cash equivalents$14.5 $— $14.5 Accounts receivable50.9 — 50.9 Inventories36.7 — 36.7 Other current assets4.9 (0.6)4.3 Intangibles231.7 1.4 233.1 Operating lease right-of-use assets15.1 2.4 17.5 Finance lease right-of-use assets8.2 2.2 10.4 Other long-term assets1.0 — 1.0 Properties, plants and equipment91.5 (2.9)88.6 Total assets acquired454.5 2.5 457.0 Accounts payable(17.2)— (17.2)Short-term borrowings(26.2)— (26.2)Other current liabilities(13.2)0.1 (13.1)Operating lease liabilities(14.2)(3.3)(17.5)Finance lease liabilities(10.0)(0.5)(10.5)Long-term deferred tax liability(62.1)(1.5)(63.6)Other long-term liabilities(5.3)(2.5)(7.8)Total liabilities assumed(148.2)(7.7)(155.9)Total identifiable net assets$306.3 (5.2)301.1 Goodwill$275.8 $5.2 $281.0 The Company recognized goodwill related to this acquisition of $281.0 million. The goodwill recognized