Greif Exits Coated Recycled Paperboard, Closing Sweetwater Mill and Cutting 120K Tons Capacity
GEF sits 47% above its 52-week low of $55.75.
Summary
Greif is exiting the coated recycled paperboard (CRB) business and will close its Sweetwater, Georgia mill by year-end, removing about 120,000 tons of annual capacity. The move affects roughly 90 employees and shifts URB customers to other North American mills. This follows a period of portfolio reshaping, including the Envaplast acquisition and divestiture gains, and aligns with management's focus on higher-return assets. The closure removes a high-cost, low-integration asset, which could support margins and pricing in remaining operations. Watch for restructuring charges and updated margin guidance in upcoming filings.
At the time of this announcement, GEF was trading at $82.16 on NYSE in the Manufacturing sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $55.75 to $90.57. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.