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GlobeNewswire·

Greif Completes Sale of Timberlands Business

  • Greif Inc. completed the sale of its timberlands business to Molpus Woodlands Group for approximately $462 million after adjustments.
  • The transaction reinforces Greif's commitment to pursuing the highest return on invested capital across its portfolio.
  • Combined with the recent sale of the containerboard business, the proceeds are expected to lower Greif's leverage ratio below 1.2x.
  • The strengthened balance sheet is projected to provide significant interest savings heading into fiscal 2026.
  • Perella Weinberg served as the exclusive adviser to Greif during the transaction.