Greif sells containerboard business for $1.8B cash to Packaging Corp of America

GREIF, INC

All-cash sale of Greif Containerboard Solutions and Box-Board Holding to Packaging Corporation of America.
Transaction expected to close by end of fiscal 2025, subject to regulatory approvals.
Proceeds will be used for debt repayment; pro-forma leverage below 2.0x post-close.
CEO Ole Rosgaard says divestiture sharpens portfolio and advances Build to Last strategy.
Goldman Sachs acted as exclusive financial advisor to Greif.

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