# Packaging Corporation of America to buy Greif containerboard business for $1.8B

Packaging Corporation of America agreed to buy Greif's containerboard business for $1.8 billion in cash, including two mills in Ohio and Virginia with about 800,000 tons of annual capacity. The deal is expected to close by the end of PCA's third quarter.

- Type: Acquisition
- Announced: 2025-06-30
- Where: Ohio and Virginia, United States
- Value: $1.80B
- Status: announced
- Capacity: approximately 800,000 tons annual containerboard production
- Products: containerboard, corrugated products, sheet feeder products
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Packaging Corporation of America](https://endata.com/companies/467.md) (acquirer)
- [Greif](https://endata.com/companies/3215.md) (partner)
- [Greif](https://endata.com/companies/3215.md) (target)
- [Greif Containerboard Solutions](https://endata.com/companies/13423.md) (target)
- [Box-Board Products](https://endata.com/companies/13424.md) (target)

## Sources

- [packagingdive.com](https://www.packagingdive.com/news/packaging-corporation-america-greif-containerboard-sale/752037/), 2025-07-01: "Packaging Corporation of America is buying Greif's containerboard business in a $1.8 billion cash transaction."
- [ir.packagingcorp.com](https://ir.packagingcorp.com/news-releases/news-release-details/packaging-corporation-america-announces-agreement-purchase-greif), 2025-07-01: "The transaction is expected to close by the end of PCA's third quarter, subject to certain customary conditions and regulatory approvals."
- [aoshearman.com](https://www.aoshearman.com/en/news/ao-shearman-advises-greif-in-the-usd18-billion-sale-of-containerboard-business), 2025-07-01: "A&O Shearman advised Greif Inc. on the sale of its containerboard business, including its CorrChoice sheet feeder network, to Packaging Corporation of America (PCA) for USD1.8bn in cash."
- [mayerbrown.com](https://www.mayerbrown.com/en/news/2025/07/mayer-brown-advises-packaging-corporation-of-america-on-18-billion-acquisition-of-greif-incs-containerboard-business), 2025-07-01: "The Greif containerboard business includes two containerboard mills with approximately 800,000 tons of production capacity and eight sheet feeder and corrugated plants located across the United States."
- [resourcewise.com](https://www.resourcewise.com/blog/how-pcas-acquisition-of-greif-impacts-industry-professionals), 2025-07-15: "The $1.8 billion deal includes two of Greif's containerboard mills, seven sheet feeder locations, and one full line box plant."
- [packagingstrategies.com](https://www.packagingstrategies.com/articles/keyword/8920-mergers-acquisitions-m-a?page=5), 2025-08-11: "The Greif containerboard business includes two containerboard mills with approximately 800,000 tons of production capacity."
- [marketscreener.com](https://www.marketscreener.com/news/packaging-corporation-of-america-completed-the-acquisition-of-greif-containerboard-solutions-llc-an-ce7d59dadb81f025), 2025-08-30: "agreed to acquire Greif Containerboard Solutions, LLC and Box-Board Products, Inc. for $1.8 billion on June 30, 2025"
- [packagingstrategies.com](https://www.packagingstrategies.com/articles/keyword/9236-acquisitions?page=2), 2025-10-17: "The Greif containerboard business includes two containerboard mills with approximately 800,000 tons of production capacity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.