Greif has finalized the sale of its containerboard business to Packaging Corporation of America for $1.8bn. This move prompted a revision in the company’s 2025 full-year guidance, excluding $168m in year-to-date EBITDA from the segment. The updated guidance now projects adjusted EBITDA between $507m and $517m for ongoing operations.

Additionally, Greif announced the permanent closure of its steel and polymer drum manufacturing facility in Merced, California, aligning with its operational optimization strategy. The sale of the containerboard business is expected to unlock immediate value for shareholders, enhance earnings power, increase capital efficiency, and accelerate debt reduction. Goldman Sachs acted as the exclusive financial advisor for the transaction.

Read more at Yahoo Finance: Greif concludes $1.8bn sale of containerboard business to PCA