Greif (GEF) Plans Coated Recycled Paperboard Exit. Can a Smaller Portfolio Earn Better Returns?
Greif (GEF) plans to exit coated recycled paperboard by closing its Sweetwater mill, affecting 90 employees and removing 120,000 tons of annual capacity. The company aims to serve uncoated recycled paperboard customers through other mills, with the goal of improving returns. Financial details, including earnings contribution and savings, were not disclosed. The move is part of a strategy to focus on more competitive assets, though execution risks remain.
