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SUBSEQUENT EVENTS
12 Months Ended
Oct. 31, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
On November 9, 2022, the Company entered into a definitive agreement to acquire Lee Container Corporation, Inc. ("Lee Container"), an industry-leading manufacturer of high-performance barrier and conventional blow molded containers, for a purchase price of $300.0 million in cash, subject to customary closing conditions, including regulatory clearances.
On December 15, 2022, the Company completed the Lee Container acquisition. The all-cash transaction was funded through Greif's existing credit facility. Due to the limited time since the Company has completed the acquisition, the Company has not yet completed the initial acquisition accounting for the transaction, including the determination of the fair values of the assets acquired and the liabilities assumed. The Company anticipates completing the preliminary purchase price allocation in the first fiscal quarter of 2023, which would then be reflected in the Company's January 31, 2023 financial statements. The results of operations of the acquired business will be included in the Company's results from December 15, 2022, the date of the closing of the acquisition.