Company: GEF
Filing Date: 2025-08-07
Form Type: 8-K
Source: 0000043920-25-000043
Chunk: 0

Company: GREIF, INC
Filing Date: 2025-08-07
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement.

(a) Purchase and Sale Agreement for Soterra Timberland Business.

On August 5, 2025, Soterra LLC, a Delaware limited liability company (“ Seller”) and a wholly owned subsidiary of Greif, Inc. (the “ Company”), entered into a definitive Purchase and Sale Agreement, dated as of August 5, 2025 (the “ Agreement”), with MWF VI Encore, LLC, a Delaware limited liability company and a subsidiary of The Molpus Woodlands Group, LLC (“ Purchaser”). Pursuant to the Agreement, Purchaser will acquire approximately 173,000 acres of timberland located in Alabama, Louisiana and Mississippi, along with certain mineral rights and contract rights, for a purchase price of approximately $462.0 million, which is subject to certain adjustments.

The Agreement provides that the closing of the contemplated transactions is subject to the satisfaction or waiver of certain conditions, including, among other matters, an examination and verification of title to the parcels being sold and the receipt of certain third party consents. The Agreement may be terminated, and the subject transaction may be abandoned at any time prior to the closing, as follows: (i) by mutual written agreement of Seller and Purchaser; (ii) by Seller in connection with certain breaches or defaults by Purchaser of its representations, warranties, covenants or other agreements in the Agreement, subject to a cure period; and (iii) by Purchaser in connection with certain breaches or defaults by Seller of its representations, warranties, covenants or other agreements in the Agreement, subject to a cure period.

Investors should not rely on the representations, warranties, covenants and other agreements in the Agreement or any descriptions thereof as characterizations of the actual state of facts or condition of the Company or Seller. Moreover, information concerning the subject matter of the representations, warranties, covenants and other agreements may change after the date of the Agreement, which subsequent information may or may not be fully reflected in the public disclosures of the Company. The descriptions of the Agreement and the transactions contemplated thereby contained in Item 1.01 do not purport to be complete and are subject to, and qualified in their entirety by, the full text of the Agreement attached to this Current Report on Form 8-K as Exhibit 10.1, which is incorporated herein by reference.

Section 7 - Regulation FD