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Stock impact report

Greif Optimizes Portfolio With Timberlands Business Sale [Yahoo! Finance]

Greif Inc. Class A (GEF) 
Last greif inc. class a earnings: 2/26 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
This move will help Greif's debt-reduction efforts and boost its capital efficiency. Details of Greif's Timberlands Sale In early August, Greif inked a definitive agreement with Molpus Woodlands to divest its Soterra land management business as part of its ongoing portfolio optimization. The sale includes around 173,000 acres of timberlands in the Southeastern United States. The deal was set at $462 million. The move will help Greif focus on its core business and further invest in higher-margin, less cyclical markets. GEF's Focus on Portfolio Optimization In September, Grief closed the sale of its containerboard business to Packaging Corporation of America PKG. GEF's containerboard business includes two containerboard mills. These have a production capacity of 800,000 tons. The business also includes eight sheet feeder and corrugated plants located across the United States. This sale aligns with Greif's Build to Last strategy. It marks a significant step toward portfolio o Show less Read more
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