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The company said earnings benefited from strong results at its printing papers and industrial packaging businesses.
Greif has been buying packaging businesses in recent years to strengthen its North American business and its industrial shipping container and corrugated container operations.
The loss included a $146 million charge for currency movements, mostly the strengthening euro and Canadian dollar, as well as a $113 million write-down on packaging businesses that Alcan has put up for sale.
Among the completed deals that it worked on in the first quarter are IBM's $5 billion purchase of Cognos and the Rank Group's $2.7 billion acquisition of Alcoa's consumer and packaging businesses.
Hardware revenues were roughly a third of the company's total sales in the first half of 2004, reflecting I.B.M.'s relatively recent exits from the disk drive, consumer PC, aluminum semiconductor and chip packaging businesses.
Among the completed deals that Lazard worked on in the first quarter were I.B.M.'s $5 billion purchase of Cognos and the Rank Group's $2.7 billion acquisition of Alcoa's consumer and packaging businesses.
Similar(53)
Both companies are in the consumer and foodservice disposable packaging business.
Their leader: Todd LeDoux, a salesman in the paper packaging business, who was in from Cincinnati.
The agency said it brought in about $3.3 billion in revenue from its shipping and packaging business.
Mondi, its paper and packaging business, is being demerged and is due to list in London and Johannesburg on July 3rd.
Almost all of these are reoccurring (though that's sort of the nature of the custom packaging business).
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