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AI brief of an SEC Form 8-K · Greif (GEF)

Greif completes $1.8 billion sale of containerboard business to Packaging Corp. of America

Mixed Impact 4 of 5 m&a Written later

Greif completed the sale of its containerboard business, including its CorrChoice sheet feeder network, to Packaging Corporation of America, effective August 31, 2025, for $1.8 billion, subject to certain adjustments. The company estimates a $1.1 billion gain on the sale and plans to use the proceeds to reduce debt by about $1.4 billion. Its 2025 guidance now covers only continuing operations, with Adjusted EBITDA of $507 million to $517 million and Adjusted Free Cash Flow lowered by $15 million to $290 million to $300 million.

Key points

  • Sale closed effective August 31, 2025; purchase price of $1.8 billion, subject to adjustments in the agreement
  • Buyer is Packaging Corporation of America; the company sold equity interests in the subsidiaries that owned the business
  • Estimated gain on sale of $1.1 billion; proceeds intended to reduce debt by about $1.4 billion
  • 2025 Adjusted EBITDA guidance for continuing operations set at $507 million to $517 million, excluding $168 million year-to-date and implied fourth-quarter $50 million from the containerboard business

The filing

CompanyGreif (GEF)
Form8-K, current report
Filed with the SECSep 2, 2025, 5:08 PM ET
Accession number0000043920-25-000054

Items reported: 2.01 Acquisition or Disposition Completed7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

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 September 02, 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.