Packaging Corp. to buy Greif’s containerboard business for $1.8B

6 days ago 1
Side view of many old brown paper buckets [paper tank] for reuse on concrete floor

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Packaging Corporation of America (NYSE:PKG) has agreed to acquire the containerboard business of Greif (NYSE:GEF) for $1.8B in cash.

The transaction is expected to close by the end of Packaging Corp’s third quarter, subject to certain customary conditions and regulatory approvals. The

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