Greif completed the sale of its timberlands business to Molpus Woodlands

Greif (GEF) announced that it has completed the previously announced sale of its timberlands business to Molpus Woodlands Group, on behalf of clients, for approximately $462M after adjustments. “The closing of this sale reinforces the commitment of Greif to pursue the highest return on invested capital across our portfolio.” said Ole Rosgaard, President and CEO of Greif. “Combined with the recently completed sale of our containerboard business, these cash proceeds are expected to put our leverage ratio below 1.2x, strengthening our balance sheet and providing significant interest savings heading into fiscal 2026.”