Greif continued its strategic transformation in 2025, completing two major divestitures and accelerating cost-reduction initiatives that have reshaped the company’s financial profile and operating model.
The largest step was the $1.8 billion sale of Greif’s containerboard business — including the CorrChoice sheet-feeder network — to Packaging Corporation of America. The transaction closed August 31 and is now reflected as discontinued operations.
On October 1, Greif completed the sale of its timberlands business for $462 million, further strengthening the balance sheet. The company said that, on a pro forma basis, the timberlands sale alone would place leverage below 1.0x, excluding deferred tax effects.
Greif has also accelerated its cost-optimization program, achieving $50 million in run-rate savings by year-end and raising its total target to $120 million, up from a previous goal of $100 million.
Reflecting increased confidence in its reshaped portfolio, Greif plans to execute an open-market share repurchase of approximately $150 million using its available authorization.
Customer feedback also improved, with the company reporting a Net Promoter Score of 72, which it described as world-class for the manufacturing sector.
Looking ahead, Greif issued fiscal 2026 low-end guidance of $630 million in adjusted EBITDA and $315 million in adjusted free cash flow. CEO Ole Rosgaard said the business is building “significant earnings power and operating leverage” through segment reorganization, cost-optimization efforts and stronger cash generation.
Greif is a global leader in industrial packaging solutions, offering polymer, fiber, metal and integrated packaging products across 35+ countries.
