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Greif, Inc. Completes the Sale of Timberlands to Weyerhaeuser Company

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DELAWARE, Ohio, April 30, 2021 /PRNewswire/ Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced that it has completed its previously announced sale of 69,200 acres of timberlands in southwest Alabama to Weyerhaeuser Company (NYSE: WY) for approximately $149 million in cash.
Proceeds from the sale will be used for debt repayment and will accelerate the transfer of Greif s enterprise value from debt to equity holders in line with the Company s stated financial priorities.
About Greif, Inc.
Greif is a global leader in industrial packaging products and services and is pursuing its vision: In industrial packaging, be the best performing customer service company in the world. The Company produces steel, plastic and fibre drums, intermediate bulk containers, reconditioned containers, flexible products, containerboard, uncoated recycled paperboard, coated recycled paper ....

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Greif (GEF) Q1 2021 Earnings Call Transcript

Greif (GEF) Q1 2021 Earnings Call Transcript
Motley Fool Transcribing
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Greif (NYSE: GEF)
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Greif first-quarter earnings call. [Operator instructions] Please be advised that today s conference is being recorded. I would now like to hand the conference over to your speaker today, Matt Eichmann. Thank you.
You may begin.
Vice President, Investor Relations & Corporate Communications
Thank you, Dorothy, and good morning, everyone. Welcome to Greif s first-quarter fiscal 2021 earnings conference call. This is Matt Eichmann. I m joined by Pete Watson, vice president and chief executive officer; and Larry Hilsheimer, Greif s chief financial officer. ....

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