Packaging Corp of America Acquires Greif’s Containerboard Business
Packaging Corp of America (PCA) has entered into a definitive agreement to acquire Greif’s containerboard business for $1.8 billion in cash.
Key Terms of the Acquisition
- Purchase price: $1.8 billion in cash
- Acquisition of Greif’s containerboard business
Impact on PCA’s Operations
The acquisition is expected to expand PCA’s production capacity and further solidify its position in the containerboard market.
Market Reaction
Investors have reacted positively to the news, driving up PCA’s stock price. The company’s shares have seen a notable increase, reflecting the market’s optimism about the deal’s potential to drive growth and profitability.
Financial Details
- No additional financial details were disclosed regarding the acquisition.