# Packaging Corporation of America completes $1.8B purchase of Greif containerboard business

Packaging Corporation of America completed its $1.8 billion cash acquisition of Greif's containerboard business, with the transaction closing on Sunday. Greif will use the proceeds to pay down about $1.4 billion of debt.

- Type: Acquisition
- Announced: 2025-09-02
- Where: United States
- Value: $1.80B
- Status: completed
- Products: containerboard
- 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)

## Sources

- [packagingdive.com](https://www.packagingdive.com/news/packaging-corporation-america-completes-acquisition-greif-containerboard-business/758894/), 2025-09-02: "Greif completed the divestiture of its containerboard business to Packaging Corporation of America for $1.8 billion in cash."

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