Greif, Inc. sells Containerboard business to Packaging Corporation of America for $1.8 billion.

From GlobeNewswire: 2025-07-01 07:00:00

Greif, Inc. has announced the sale of its Containerboard business, including the CorrChoice sheet feeder network, for $1.8 billion to Packaging Corporation of America. Proceeds will be used for debt repayment, reducing leverage to below 2.0x. The divestiture aligns with Greif’s growth strategy, sharpening its portfolio and enhancing capital efficiency. The company aims to focus on its remaining material solutions for margin expansion and cash flow generation. A conference call is scheduled for July 1, 2025, to discuss the impact of the transaction on business operations. Goldman Sachs acted as the exclusive financial advisor for the deal.



Read more at GlobeNewswire: Greif, Inc. Enters Into Definitive Agreement to Sell