Synergy Without Splurge
According to PCA’s projections, the company expects $60 million in cost savings within two years of closing, fueled by “operational expertise” rather than heavy capital outlay. The firm plans to finance the deal with cash on hand and $1.5 billion in new debt, a confident stride into future returns.
The deal is slated to close by the end of PCA’s third quarter, pending regulatory and customary approvals.
Greif’s Strategic Retreat: Sharpening the Spear
For Ohio-based Greif, this sale is no retreat—it’s a redirection. CEO Ole Rosgaard called the move “a pivotal step” in refining the company’s portfolio. The proceeds, he said, will go toward debt repayment and strategic growth investments that promise “margin expansion and cash-flow generation.”
“This sale is fully aligned with our build-to-last strategy and unlocks immediate value for our shareholders,” Rosgaard added.
Advisors Behind the Curtain
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Mayer Brown LLP, representing PCA, was led by partner Paul Crimmins.
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A&O Shearman, advising Greif, fielded partner Lara Aryani and counsel Stephen Besen.
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Goldman Sachs served as Greif’s exclusive financial advisor.
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BofA Securities handled financing and advisory for PCA.
