The sale of our Containerboard business is fully aligned with our Build to Last strategy and unlocks immediate value for our ...

Illinois-based Packaging Corporation of America (PCA) is buying two Greif production facilities in Massillon as part of a ...

One of Amherst County's largest employers is getting sold. The Packaging Corporation of America is buying Greif’s ...

Greif Inc. (GEF) divests Containerboard business to Packaging Corp. of America (PKG) for $1.8B in cash, expected to close by ...

Shares of Packaging Corp. of America and Greif rose after Greif agreed to sell its containerboard business to PCA for $1.8 billion. PCA shares climbed 7.9%, to $203.24, but have slipped about 9% this ...

PCA plans to finance the transaction with $1.5 billion of new debt and cash on hand, resulting in a pro forma leverage ratio of approximately 1.7 times after completion.

Why it matters: The purchase price values Greif's containerboard business at 8.5 times trailing 12-month EBITDA, which we think is fair. The acquisition would increase PCA's annual containerboard ...

PCA has maintained net debt/adjusted EBITDA below 2.0 since 2018; the ratio was 1.2 in 2024. Leverage is set to increase following the planned acquisition of Greif's containerboard business.

BofA Securities advised PCA and committed financing for the transaction while Goldman Sachs served as the exclusive financial advisor to Greif. PCA announced a net income of $203.8m, or $2.26 per ...

The acquisition includes two containerboard mills with about 800,000 tons of production capacity as well as sheet feeder and ...