Greif announced it has completed the sale of its containerboard business to Packaging Corporation of America (PCA).
According to Ole Rosgaard, President and CEO of Greif, the transaction marks a significant milestone for the company. “The closing of this sale unlocks immediate value for our shareholders and enables Greif to deliver stronger and more consistent earnings power, enhance capital efficiency, and accelerate debt reduction,” he said.
Following the divestment, Greif has revised its full-year 2025 guidance to exclude the containerboard business, which generated $168 million of year-to-date Adjusted EBITDA and an estimated $50 million in the fourth quarter. The updated forecast for continuing operations is between $507 million and $517 million of Adjusted EBITDA. Adjusted Free Cash Flow guidance remains at $290 million to $300 million, reflecting a $15 million adjustment due to the lack of September cash contribution from the divested operations.
Goldman Sachs served as Greif’s exclusive financial advisor for the transaction.
Founded in 1877, Greif is a global company specializing in performance packaging. Operating in 40 countries, the company provides polymer, fiber, metal, and integrated packaging solutions to a broad range of industries.
