Greif to Sell Containerboard Business, Boost Debt-Reduction Efforts

Key Takeaways GEF will divest its Containerboard unit, including mills and sheet feeder plants, to PKG for $1.8B. The business posted $1.2B in revenues and $212M in EBITDA for the fiscal year ended April 30, 2025. The deal supports GEF's debt reduction and portfolio optimization under its Build to Last strategy.Greif, Inc. (GEF) announced that it inked a definitive agreement with Packaging Corporation of America (PKG) to divest its Containerboard business, including its CorrChoice sheet feeder network. Th ...