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Industrial packaging products and services provider Greif has agreed to acquire recycled paperboard and packaging solutions firm Caraustar Industries from H.I.G. Capital in a deal valued at around $1.8bn.
Caraustar is specialized in the production of uncoated recycled paperboard (URB) and coated recycled paperboard (CRB), which can be used in various applications such as tubes and cores and diverse mix of specialty products.
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