[8-K] Greif, Inc. Reports Material Event
Greif, Inc. completed the previously announced sale of its containerboard business, including the CorrChoice sheet feeder network, to Packaging Corporation of America for a purchase price of $1.8 billion subject to specified adjustments. The transaction was effected by sale of the equity interests in the subsidiaries that directly owned the Containerboard Business and was governed by a Purchase and Sale Agreement dated June 30, 2025, as amended. The Company furnished a press release and unaudited pro forma condensed consolidated financial statements reflecting the transaction as exhibits to the Current Report.
Greif, Inc. ha completato la vendita gi脿 annunciata della sua attivit脿 nel settore del containerboard, comprensiva della rete di alimentatori CorrChoice, a Packaging Corporation of America per un prezzo di acquisto di $1.8 billion, soggetto a specifiche rettifiche. L鈥檕perazione 猫 stata realizzata tramite la cessione delle partecipazioni societarie nelle controllate che detenevano direttamente l鈥檃ttivit脿 Containerboard ed 猫 regolata da un Purchase and Sale Agreement datato 30 giugno 2025, come emendato. La Societ脿 ha allegato alla Current Report un comunicato stampa e i prospetti finanziari consolidati pro forma condensati non revisionati che riflettono la transazione.
Greif, Inc. complet贸 la venta previamente anunciada de su negocio de containerboard, incluida la red de alimentadores CorrChoice, a Packaging Corporation of America por un precio de compra de $1.8 billion, sujeto a determinados ajustes. La transacci贸n se efectu贸 mediante la venta de las participaciones en las subsidiarias que pose铆an directamente el negocio de Containerboard y est谩 regida por un Purchase and Sale Agreement con fecha 30 de junio de 2025, en su versi贸n enmendada. La Compa帽铆a proporcion贸 un comunicado de prensa y estados financieros consolidados pro forma condensados no auditados que reflejan la transacci贸n como anexos al Current Report.
Greif, Inc.電� 鞚措 氚滍憸霅� 旎厡鞚措剤氤措摐 靷梾(韺届敖歆� 旮夓旮� 雱ろ姼鞗岉伂鞚� CorrChoice 韽暔)鞚� Packaging Corporation of America鞐� 韸轨爼 臁办爼鞚� 鞝侅毄霅橂姅 $1.8 billion鞚� 毵り皝雽�旮堨溂搿� 毵り皝鞚� 鞕勲頄堨姷雼堧嫟. 頃措嫻 瓯半灅電� 旎厡鞚措剤氤措摐 靷梾鞚� 歆侅爲 靻岇湢頃� 鞛愴殞靷潣 歆�攵� 毵り皝鞚� 韱淀暣 鞚措（鞏挫鞙茧┌, 2025雲� 6鞗� 30鞚检瀽(靾橃爼霅�) 毵るГ瓿勳暯靹�(Purchase and Sale Agreement)鞐� 鞚橅暣 攴滌湪霅╇媹雼�. 須岇偓電� 氤� 瓯半灅毳� 氚橃榿頃� 氤措弰鞛愲 氚� 瓴�韱犽悩歆� 鞎婌潃 臧勲灥 鞐瓣舶 頂勲韽ゴ毵� 鞛鞝滍憸毳� Current Report鞚� 觳秬靹滊搿� 鞝滌稖頄堨姷雼堧嫟.
Greif, Inc. a finalis茅 la vente pr茅c茅demment annonc茅e de son activit茅 containerboard, incluant le r茅seau d鈥檃limentation CorrChoice, 脿 Packaging Corporation of America pour un prix d鈥檃chat de $1.8 billion, sous r茅serve d鈥檃justements sp茅cifi茅s. La transaction a 茅t茅 r茅alis茅e par la cession des participations dans les filiales d茅tenant directement l鈥檃ctivit茅 Containerboard et est r茅gie par un Purchase and Sale Agreement dat茅 du 30 juin 2025, tel qu鈥檃mend茅. La Soci茅t茅 a joint au Current Report un communiqu茅 de presse et des 茅tats financiers consolid茅s pro forma condens茅s non audit茅s refl茅tant la transaction.
Greif, Inc. hat den zuvor angek眉ndigten Verkauf seines Containerboard-Gesch盲fts, einschlie脽lich des CorrChoice-Bogenzuf眉hrungsnetzwerks, an die Packaging Corporation of America f眉r einen Kaufpreis von $1.8 billion abgeschlossen, vorbehaltlich bestimmter Anpassungen. Die Transaktion erfolgte durch den Verkauf der Anteilsrechte an den Tochtergesellschaften, die das Containerboard-Gesch盲ft direkt hielten, und wurde durch einen am 30. Juni 2025 datierten (ge盲nderten) Purchase and Sale Agreement geregelt. Das Unternehmen legte der Current Report eine Pressemitteilung sowie nicht testierte, pro forma verdichtete konsolidierte Finanzabschl眉sse bei, die die Transaktion widerspiegeln.
- Completed sale of the Containerboard Business to Packaging Corporation of America, finalizing the announced transaction
- Agreed purchase price of $1.8 billion (subject to adjustments)
- Pro forma financial statements and a press release were furnished, improving transparency on the transaction's accounting impact
- Divestiture of a material operating segment (Containerboard Business) may reduce the Company's revenue base and operational scale
- Purchase price subject to adjustments, meaning final proceeds are not fixed in this filing
- No disclosure in this excerpt of proceeds allocation or expected uses of sale proceeds
Insights
TL;DR: Greif completed a material divestiture of its containerboard business for $1.8 billion, transferring ownership via subsidiary equity sales to PCA.
The transaction is a clear, executed disposal of a material operating segment: the Containerboard Business and CorrChoice network were sold through equity transfers of the operating subsidiaries. The use of a Purchase and Sale Agreement with an amendment, and the note that the purchase price is $1.8 billion subject to adjustments, indicates negotiated commercial terms with customary post-closing true-ups. The filing appropriately references furnished exhibits including a press release and unaudited pro forma statements to show the expected financial impact on historical periods. The record states no other material relationships between the parties.
TL;DR: The company completed a material sale and provided pro forma financials, but the final proceeds may vary due to price adjustments.
This disclosure confirms closing and provides specific transaction mechanics: sale via subsidiary equity transfers and incorporation of the Purchase and Sale Agreement and its amendment by reference. The filing highlights that the $1.8 billion purchase price is subject to certain adjustments, which could materially change net proceeds. The company furnished pro forma condensed consolidated statements, enabling investors to assess historical income statement effects as if the sale occurred on November 1, 2021. No earnings figures or expected uses of proceeds are included in this text.
Greif, Inc. ha completato la vendita gi脿 annunciata della sua attivit脿 nel settore del containerboard, comprensiva della rete di alimentatori CorrChoice, a Packaging Corporation of America per un prezzo di acquisto di $1.8 billion, soggetto a specifiche rettifiche. L鈥檕perazione 猫 stata realizzata tramite la cessione delle partecipazioni societarie nelle controllate che detenevano direttamente l鈥檃ttivit脿 Containerboard ed 猫 regolata da un Purchase and Sale Agreement datato 30 giugno 2025, come emendato. La Societ脿 ha allegato alla Current Report un comunicato stampa e i prospetti finanziari consolidati pro forma condensati non revisionati che riflettono la transazione.
Greif, Inc. complet贸 la venta previamente anunciada de su negocio de containerboard, incluida la red de alimentadores CorrChoice, a Packaging Corporation of America por un precio de compra de $1.8 billion, sujeto a determinados ajustes. La transacci贸n se efectu贸 mediante la venta de las participaciones en las subsidiarias que pose铆an directamente el negocio de Containerboard y est谩 regida por un Purchase and Sale Agreement con fecha 30 de junio de 2025, en su versi贸n enmendada. La Compa帽铆a proporcion贸 un comunicado de prensa y estados financieros consolidados pro forma condensados no auditados que reflejan la transacci贸n como anexos al Current Report.
Greif, Inc.電� 鞚措 氚滍憸霅� 旎厡鞚措剤氤措摐 靷梾(韺届敖歆� 旮夓旮� 雱ろ姼鞗岉伂鞚� CorrChoice 韽暔)鞚� Packaging Corporation of America鞐� 韸轨爼 臁办爼鞚� 鞝侅毄霅橂姅 $1.8 billion鞚� 毵り皝雽�旮堨溂搿� 毵り皝鞚� 鞕勲頄堨姷雼堧嫟. 頃措嫻 瓯半灅電� 旎厡鞚措剤氤措摐 靷梾鞚� 歆侅爲 靻岇湢頃� 鞛愴殞靷潣 歆�攵� 毵り皝鞚� 韱淀暣 鞚措（鞏挫鞙茧┌, 2025雲� 6鞗� 30鞚检瀽(靾橃爼霅�) 毵るГ瓿勳暯靹�(Purchase and Sale Agreement)鞐� 鞚橅暣 攴滌湪霅╇媹雼�. 須岇偓電� 氤� 瓯半灅毳� 氚橃榿頃� 氤措弰鞛愲 氚� 瓴�韱犽悩歆� 鞎婌潃 臧勲灥 鞐瓣舶 頂勲韽ゴ毵� 鞛鞝滍憸毳� Current Report鞚� 觳秬靹滊搿� 鞝滌稖頄堨姷雼堧嫟.
Greif, Inc. a finalis茅 la vente pr茅c茅demment annonc茅e de son activit茅 containerboard, incluant le r茅seau d鈥檃limentation CorrChoice, 脿 Packaging Corporation of America pour un prix d鈥檃chat de $1.8 billion, sous r茅serve d鈥檃justements sp茅cifi茅s. La transaction a 茅t茅 r茅alis茅e par la cession des participations dans les filiales d茅tenant directement l鈥檃ctivit茅 Containerboard et est r茅gie par un Purchase and Sale Agreement dat茅 du 30 juin 2025, tel qu鈥檃mend茅. La Soci茅t茅 a joint au Current Report un communiqu茅 de presse et des 茅tats financiers consolid茅s pro forma condens茅s non audit茅s refl茅tant la transaction.
Greif, Inc. hat den zuvor angek眉ndigten Verkauf seines Containerboard-Gesch盲fts, einschlie脽lich des CorrChoice-Bogenzuf眉hrungsnetzwerks, an die Packaging Corporation of America f眉r einen Kaufpreis von $1.8 billion abgeschlossen, vorbehaltlich bestimmter Anpassungen. Die Transaktion erfolgte durch den Verkauf der Anteilsrechte an den Tochtergesellschaften, die das Containerboard-Gesch盲ft direkt hielten, und wurde durch einen am 30. Juni 2025 datierten (ge盲nderten) Purchase and Sale Agreement geregelt. Das Unternehmen legte der Current Report eine Pressemitteilung sowie nicht testierte, pro forma verdichtete konsolidierte Finanzabschl眉sse bei, die die Transaktion widerspiegeln.
| (August 31, 2025) | |||||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||||||||
| (Address of principal executive offices) | (Zip Code) | ||||
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||
| Exhibit No. | Description | ||||
99.1 | Press release issued by Greif Inc. on September 2, 2025, regarding its completion of the sale of its Containerboard Business. | ||||
99.2 | Greif Inc. Pro Forma Condensed Consolidated Financial Statements. | ||||
| GREIF, INC. | ||||||||
| Date: September 2, 2025 | By | /s/ Gary R. Martz | ||||||
Gary R. Martz, Executive Vice President | ||||||||
Source:
FAQ
What did Greif (GEF) sell in this filing?
Who purchased Greif's Containerboard Business?
What was the purchase price for the Containerboard Business?
When was the sale completed?
Did Greif provide financial statements related to the sale?
Are there any stated relationships between Greif and the purchaser?
