Greif has sold its Multiwall Packaging Division to Industrial Opportunity Partners (IOP), a private equity firm based in Evanston, Illinois. Terms of the deal were not disclosed. The Multiwall Packaging Division, founded in 1950 as a division of Greif, produces large format multiwall paper bags used primarily in industrial applications of agricultural and food grade products. Multiwall operates facilities in Rosemount, Minnesota and Omaha, Nebraska.
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