01/28/2010

PIE - News-Ticker on Plasteurope.com

Greif: US transport packaging specialist eyes takeover of Storsack

Transport packaging specialist Greif (Delaware, Ohio / USA; www.greif.com) has every intention of taking over "Flexible Intermediate Bulk Containers" (FIBC) manufacturer Storsack (Viernheim / Germany; www.storsack.com), as revealed by an application submitted to the German Federal Cartel Office on 6 January 2010, which was subsequently granted on 22 January.


The companies do not want to comment on the matter at the present stage, but it seems Greif wants to acquire full ownership and hopes the deal will go through before the end of February.

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