---
schema_version: "secwatch.filing_event.v1"
accession: "0000043920-25-000054"
form_type: "8-K"
ticker: "GEF"
cik: "0000043920"
company_name: "GREIF, INC"
filed_at: "2025-09-02T23:59:59+00:00"
generated_at: "2026-05-17T09:02:27.189141+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Greif completes $1.8B sale of containerboard business to Packaging Corp of America

## Summary
- Sale closed Aug 31, 2025; purchase price $1.8B subject to adjustments; proceeds to reduce debt by ~$1.4B.
- Estimated gain on sale is $1.1B.
- FY2025 adjusted EBITDA guidance for continuing ops: $507M-$517M; excludes containerboard's YTD $168M and Q4 implied $50M.
- Adjusted free cash flow guidance adjusted by $15M to $290M-$300M; includes discontinued ops cash flows.
- Greif intends to use proceeds to reduce debt by ~$1.4B and enhance capital efficiency.

## SEC filing metadata
- accession: 0000043920-25-000054
- form_type: 8-K
- ticker: GEF
- cik: 0000043920
- company_name: GREIF, INC
- filed_at: 2025-09-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.01, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/43920/000004392025000054/0000043920-25-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/43920/000004392025000054/gef-20250902.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000043920-25-000054
- JSON: https://secwatch.observer/filing/0000043920-25-000054.json
- Plain text: https://secwatch.observer/filing/0000043920-25-000054.txt

## Key facts
- M&A Transactions
  GREIF, INC completed a disposition involving Packaging Corporation of America for $1.8 billion (closed 2025-08-31).
  - Action: disposition
  - Counterparty: Packaging Corporation of America
  - Consideration: $1.8 billion
  - Closing: 2025-08-31
  source text: interests in those subsidiaries of the Company that directly owned the Containerboard Business on the date of closing. The purchase price for the Containerboard Business was $1.8 billion, subject to certain adjustments as set forth in the Agreement. The amount of the purchase price was determined by arms-length negotiations between the parties. Other than in
  evidence_url: https://www.sec.gov/Archives/edgar/data/43920/000004392025000054/0000043920-25-000054-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.