Greif agrees to sell containerboard business to Packaging Corp. of America for $1.8 billion
Greif, Inc. signed a definitive agreement on June 30, 2025 to sell its Greif Containerboard Solutions and Box-Board Holding businesses to Packaging Corporation of America for $1.8 billion in cash, subject to adjustments. The company says the proceeds will go toward debt repayment, with a pro-forma leverage ratio below 2.0x after closing, and the deal is expected to close by the end of fiscal 2025 pending regulatory approvals.
Key points
- Purchase price is $1.8 billion, subject to certain adjustments, paid in cash to the seller
- Closing is subject to conditions including expiration or early termination of the Hart-Scott-Rodino waiting period
- Either party may terminate if closing has not occurred by June 30, 2026, subject to extensions of 90 days, with a second 90-day extension available to Greif
- Management plans to use cash proceeds for debt repayment; CEO Ole Rosgaard and a conference call are scheduled for July 1, 2025 at 8:30 AM Eastern
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.