Greif to sell timberland subsidiary Soterra

"Greif’s latest earnings report is in, and there’s a lot to unpack! Net sales hit $1.27 billion, up 5% year over year, but net income plunged to $14.4 million from $74.3 million in 2024. The big shake-up? Their reorganization into four business units, with sustainable fiber sales growing 6.2% to $561.4 million. But here’s the insider takeaway—Greif’s timberland divestiture could signal a shift in long-term fiber sourcing. Selling off 176 acres may free up cash, but does it leave them vulnerable to raw material price swings? With plant closures, cost cuts, and economic uncertainty ahead, the paper packaging industry should watch how Greif balances sustainability with profitability!"https://www.packagingdive.com/news/greif-fiscal-q1-2025-packaging-earnings-soterra/741088/

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