The transaction includes mills, sheet and corrugated assets in multiple states. The deal comes as Greif says it’s prioritizing polymer-based products and was unwilling to invest to become more competitive in containerboard.| Packaging Dive
Executives on Thursday’s earnings call also detailed the financial impacts of two recently announced closures, as well as the expected effects of tariffs.| Packaging Dive
Closing the mill, which manufactures CRB and URB, will affect an estimated 72 employees. The move is part of a multiyear cost reduction plan.| Packaging Dive
Closing the steel drum and polymer container manufacturing facility aligns with the company’s plan to cut $100 million in costs by fiscal year 2027.| Packaging Dive