Greif containerboard business (CorrChoice sheet feeder system) Acquired by Packaging Corporation of America | Manufacturing M&A Deal

Packaging Corporation of America has completed the acquisition of Greif containerboard business (CorrChoice sheet feeder system), a plastics packaging business in Ohio, for $1.8 billion. Greif’s containerboard operations supply paperboard and related packaging systems, including the CorrChoice sheet feeder system used in converting and packaging lines. The acquisition expands Packaging Corporation of America acquisitions in manufacturing M&A and supports strategic acquisition of containerboard capabilities in OH acquisitions. The divestiture acquisition is a strategic acquisition by a strategic buyer, closing as a manufacturing deals OH transaction for an all-cash purchase price of $1.8 billion.