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Greif, Inc. a global leader in industrial packaging products and services, announced today that it has completed the previously announced sale of its timberlands business to Molpus Woodlands Group, on behalf of clients, for approximately $462 million after adjustments.
“The closing of this sale reinforces the commitment of Greif to pursue the highest return on invested capital across our portfolio.” said Ole Rosgaard, President and CEO of Greif. “Combined with the recently completed sale of our containerboard business, these cash proceeds are expected to put our leverage ratio below 1.2x, strengthening our balance sheet and providing significant interest savings heading into fiscal 2026.”
TenderGuard™ BioBased can be used as an inner or outer coverstock layer of a civil face mask. It is highly breathable, biocompatible, and non-irritating, so it's gentle on the skin and comfortable to wear for long durations. Mainly comprised of polylactic acid, which is a biopolymer made from sustainable and renewable sources, TenderGuard™ BioBased is an alternative to synthetic spunbond material. TenderGuard™ BioFilter is a sustainable filter media that can be used as a single layer or combined as a double layer for higher filtration performance in a barrier face covering. This unique fabric is made up of a special blend of cellulosic and cellulose-based manmade fibers making the filter media 100% bio-based. The TenderGuard™ product portfolio consists of protective fabrics applicable for medical use as well. TenderGuard™ Natural is a wetlaid fabric that can be used as the inner or outer layer of a face mask. It is environmentally friendly, and the hypoallergic inner layer makes it super soft for the wearer. With both layers together, TenderGuard™ Natural achieves nearly 50% Bacterial Filtration Efficiency, which is remarkable without a filtration layer included. TenderGuard™ Smooth consists of bicomponent spunbond fabrics that are made with a proprietary technology that minimizes raised fibers. This creates a smooth surface to help eliminate any skin irritation, which is essential when it comes to a face mask. TenderGuard™ Smooth is hypoallergenic, so it is gentler on the skin, making it ideal to wear for long durations.
Expera Specialty Solutions product brand, Resin-Gard™, represents its advanced line of saturating papers engineered to achieve uniform saturant (resin or latex) pickup required by manufacturers to meet finished product performance requirements. Resin-Gard™ offers dimensional stability, engineered strength, and surface properties that meet specific processing needs, providing customers with a comprehensive line of quality products.
“Resin-Gard™ provides the market with multiple application possibilities,” said Jeff Murphy, Director of Sales and Marketing for Expera Specialty Solutions. “From building and construction and home décor, to recreation and filter medium, the possibilities are endless.” Click Read More below for additional information.