M&A
confidence high
sentiment positive
materiality 0.70
Greif signs $462M agreement to sell Soterra timberlands to Molpus Woodlands Group
GREIF, INC
- Sells over 173,000 acres of timberlands in AL, LA, MS for $462M.
- Transaction expected to close near Greif's fiscal year end, subject to customary conditions.
- Cash proceeds will be allocated to debt repayment.
- Divestiture aligns with strategy to focus on higher-margin, less cyclical markets.