Packaging Corporation of America
Packaging Corp of America Announces $1.8 Billion Acquisition of Greif's Containerboard Business
Summary
On June 30, 2025, Packaging Corporation of America (PCA) announced the entry into a definitive Purchase and Sale Agreement with Greif, Inc. and Greif Packing LLC to acquire Greif's containerboard business for $1.8 billion in cash. The transaction is expected to close in the third quarter of 2025, subject to customary conditions including antitrust approval. The Purchase Agreement includes termination rights, a termination fee, indemnification provisions, and transition services. A copy of the Purchase Agreement is filed as Exhibit 10.1 to this 8-K.
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About Packaging Corporation of America
Packaging Corporation of America is a premier manufacturer and provider of packaging solutions in the United States. The company specializes in producing high-quality containerboard and corrugated packaging products. Its primary function is to offer sturdy and reliable packaging solutions that support businesses across various industries, ensuring their products are safely packaged for transport and storage. Known for its efficient and sustainable manufacturing processes, Packaging Corporation of America plays a significant role in the supply chain, servicing sectors like food and beverage, automotive, and electronics. With its extensive network of plants and distribution centers, the company ensures timely delivery and responsiveness to market demands. Headquartered in Lake Forest, Illinois, Packaging Corporation of America emphasizes eco-friendly practices, contributing to the growing trend of sustainability in packaging. Its commitment to quality and environmental responsibility makes it a notable entity within the industrial and materials segment of the financial market, reflecting its position as a vital component of modern logistics and commerce.
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