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

Packaging Corporation of America agreed to purchase Greif's containerboard business for $1.8 billion in cash, including two US mills with about 800,000 tons of capacity and eight corrugated plants, with closing expected by the end of PCA's third quarter.

- Type: Acquisition
- Announced: 2019-05-10
- Where: United States
- Value: $1.80B
- Status: announced
- Capacity: approximately 800,000 tons of containerboard production capacity
- 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) (target)

## Sources

- [markets.financialcontent.com](https://markets.financialcontent.com/pennwell.dental/article/bizwire-2025-7-1-packaging-corporation-of-america-announces-agreement-to-purchase-greif-containerboard-business), 2019-05-10: "Packaging Corporation of America (NYSE: PKG) today announced that it has entered into a definitive agreement to purchase the containerboard business of Greif, Inc. 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.