Packaging corporation of america announces agreement to purchase greif containerboard business

Lake forest, ill.--(business wire)--packaging corporation of america (nyse: pkg) today announced that it has entered into a definitive agreement to purchase the containerboard business of greif, inc. for $1.8 billion in cash. the transaction is expected to close by the end of pca's third quarter, subject to certain customary conditions and regulatory approvals. the greif containerboard business includes two containerboard mills with approximately 800,000 tons of production capacity and eight sh.
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