Greif to Close Steel and Polymer Facility in Merced, California
Greif (NYSE: GEF), a global industrial packaging leader, announced the permanent closure of its steel and polymer drum facility in Merced, California. The facility, which will cease operations in September 2025, is part of the company's optimization strategy to reduce costs by $100 million.
The closure will impact 43 positions, with the company providing severance packages and career placement services to affected employees. Customer orders will be redirected through Greif's remaining global steel and polymer network. CEO Ole Rosgaard emphasized this as a strategic move to strengthen the company's market focus and enhance its existing steel network performance.
Greif (NYSE: GEF), leader globale nel settore degli imballaggi industriali, ha annunciato la chiusura definitiva del suo stabilimento di fusti in acciaio e polimero a Merced, California. La struttura cesserà le attività a partire da settembre 2025 ed è parte della strategia di ottimizzazione aziendale volta a ridurre i costi di 100 milioni di dollari.
La chiusura interesserà 43 posti di lavoro, con l'azienda che offrirà pacchetti di buonuscita e servizi di ricollocamento professionale ai dipendenti coinvolti. Gli ordini dei clienti saranno gestiti attraverso la rete globale di acciaio e polimeri ancora operativa di Greif. Il CEO Ole Rosgaard ha sottolineato che si tratta di una mossa strategica per rafforzare il focus sul mercato e migliorare le prestazioni della rete esistente di acciaio.
Greif (NYSE: GEF), líder mundial en embalajes industriales, anunció el cierre permanente de su planta de tambores de acero y polímero en Merced, California. La instalación cesará operaciones en septiembre de 2025 como parte de la estrategia de optimización de la empresa para reducir costos en 100 millones de dólares.
El cierre afectará a 43 puestos, y la compañía proporcionará paquetes de indemnización y servicios de recolocación a los empleados afectados. Los pedidos de los clientes serán redirigidos a través de la red global de acero y polímero restante de Greif. El CEO Ole Rosgaard destacó que esta es una medida estratégica para fortalecer el enfoque de la empresa en el mercado y mejorar el rendimiento de la red de acero existente.
Greif (NYSE: GEF)는 세계적인 산업용 포장 선두 기업으로서 캘리포니아주 머세드에 위치한 강철 및 폴리머 드럼 공장의 영구 폐쇄를 발표했습니다. 이 시설은 2025년 9월에 운영을 중단할 예정이며, 회사의 비용 절감 전략의 일환으로 1억 달러의 비용 감축을 목표로 하고 있습니다.
이번 폐쇄로 43명의 직원이 영향을 받으며, 회사는 퇴직 패키지와 경력 지원 서비스를 제공할 예정입니다. 고객 주문은 Greif의 남아있는 글로벌 강철 및 폴리머 네트워크를 통해 처리됩니다. CEO 올레 로스고드는 이번 조치가 회사의 시장 집중력 강화와 기존 강철 네트워크 성능 향상을 위한 전략적 결정임을 강조했습니다.
Greif (NYSE : GEF), leader mondial de l'emballage industriel, a annoncé la fermeture définitive de son usine de fûts en acier et polymère à Merced, Californie. L'installation cessera ses activités en septembre 2025, dans le cadre de la stratégie d'optimisation visant à réduire les coûts de 100 millions de dollars.
La fermeture affectera 43 postes. L'entreprise offrira des indemnités de départ et des services d'accompagnement professionnel aux employés concernés. Les commandes clients seront redirigées via le réseau mondial d'acier et de polymère restant de Greif. Le PDG Ole Rosgaard a souligné qu'il s'agit d'une décision stratégique pour renforcer l'orientation du marché de l'entreprise et améliorer la performance de son réseau acier existant.
Greif (NYSE: GEF), ein weltweit führender Anbieter von industriellen Verpackungen, hat die dauerhafte Schließung seiner Stahl- und Polymerfassfabrik in Merced, Kalifornien angekündigt. Die Anlage wird im September 2025 den Betrieb einstellen und ist Teil der Optimierungsstrategie des Unternehmens zur Kostensenkung um 100 Millionen US-Dollar.
Die Schließung betrifft 43 Arbeitsplätze. Das Unternehmen bietet den betroffenen Mitarbeitern Abfindungspakete und Unterstützung bei der beruflichen Neuorientierung an. Kundenbestellungen werden über das verbleibende globale Stahl- und Polymernetzwerk von Greif abgewickelt. CEO Ole Rosgaard betonte, dass dies ein strategischer Schritt sei, um den Marktfokus des Unternehmens zu stärken und die Leistung des bestehenden Stahlnetzwerks zu verbessern.
- Part of strategic plan to remove $100 million in costs from the business
- Operations will be optimized through existing global network
- Company providing severance packages and career placement services to affected employees
- Closure of an operational facility
- 43 jobs will be eliminated
- Potential impact on local community and economy
DELAWARE, Ohio, Aug. 01, 2025 (GLOBE NEWSWIRE) -- Greif (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today it will permanently close the steel and polymer drum facility in Merced, California as part of its previously announced optimization efforts. The facility is expected to cease operation in September 2025.
“Making the decision to close a facility is always difficult” said Greif President and CEO Ole Rosgaard. “I want to express my deep gratitude to our colleagues in Merced for their hard work over the years and the positive impact they’ve had on the company and surrounding community. We are committed to doing everything we can to make this transition as easy as possible, including providing severance packages and career placement services.”
The decision to close the facility, which produces both steel drums and large and small polymer containers, is an important part of delivering on the company’s commitment to remove
“We remain confident in the strength of our steel and polymer business and its long-term potential. This is a strategic decision to strengthen our focus in key markets while enhancing the performance of both our existing steel network and broader business portfolio.” said Rosgaard.
About Greif
Greif is a global leader in industrial packaging products and services, pursuing its vision to be the best customer service company in the world. The company produces steel, plastic and fiber drums, intermediate bulk containers, reconditioned containers, jerrycans and other small plastics, containerboard, corrugated sheets and products, uncoated recycled paperboard, coated recycled paperboard, tubes and cores, and a diverse mix of specialty products. Greif also manufactures packaging accessories and provides other packaging services for a wide range of industries. In addition, the company manages timber properties in the southeastern United States. Greif has a workforce of over 14,000 colleagues spread across more than 250 facilities in 37 countries to serve global as well as regional customers.
Media Contact
TJ Struhs
Director, Corporate Communications
tj.struhs@greif.com | +1 (207) 956-2304
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