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Greif to Exit CRB Business, Close Sweetwater Paperboard Mill

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  • Greif Inc. will exit the coated recycled paperboard (CRB) market by closing its Sweetwater paperboard mill in Austell, Georgia.
  • The mill is expected to cease operations by the end of the 2026 calendar year.
  • Approximately 90 colleagues will be affected by the closure, with the company providing severance benefits & career transition resources.
  • The decision aims to focus resources on assets with a leading market position & a clear path to long-term value creation.
  • Sweetwater produces CRB, uncoated recycled paperboard (URB), & gypsum facing/backing paper grades.
  • The closure removes approximately 120,000 tons of annual production capacity due to the mill's limited integration & cost position.
  • Greif is working directly with affected URB customers to ensure an orderly transition via its broader North American URB mill network.
  • Closing Sweetwater is intended to strengthen overall mill network performance while directing capital toward well-positioned assets for profitable growth.