Greif, Inc. Enters Into Definitive Agreement to Sell Containerboard Business for $1.8 Billion

DELAWARE, Ohio, July 01, 2025 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today it has entered into a definitive agreement to divest its Containerboard business, including its CorrChoice sheet feeder network, in an all-cash transaction for $1.8 billion to Packaging Corporation of America. The transaction is expected to close by the end of Greif's fiscal year 2025, and is subject to customary closing conditions, including regula ...