Greif Completes Sale of Containerboard Business

Core Points - Greif, Inc. has completed the sale of its containerboard business to Packaging Corporation of America, marking a significant step forward for the company [1][2] - The transaction is expected to unlock immediate value for shareholders, enhance capital efficiency, and accelerate debt reduction [2] - Following the divestment, Greif has adjusted its 2025 full-year guidance to exclude $168 million of year-to-date Adjusted EBITDA and an implied fourth quarter performance of $50 million related to the containerboard business, revising the guidance to $507 million to $517 million of Adjusted EBITDA [3] Financial Adjustments - The Adjusted Free Cash Flow guidance has been adjusted by $15 million to a range of $290 million to $300 million due to the lack of expected cash contribution from the containerboard business operations in September [3] - Goldman Sachs acted as the exclusive financial advisor for Greif during this transaction [4] Company Overview - Greif, founded in 1877, is a global leader in performance packaging, operating in 40 countries and providing innovative solutions for various industries [5]