Greif to Close Los Angeles Paperboard Mill
Greif (NYSE: GEF) announced the permanent closure of its Los Angeles paperboard mill as part of its optimization strategy. The facility, which will cease operations in June 2025, currently produces both coated recycled paperboard (CRB) and uncoated recycled paperboard (URB). The closure will remove 50,000 tons of CRB and 22,000 tons of URB capacity from the market, ending Greif's coated paperboard production on the West Coast. The decision will impact approximately 72 positions, with the company providing severance benefits and career transition resources to affected employees. The closure decision was attributed to increased costs and limited integration opportunities.
Greif (NYSE: GEF) ha annunciato la chiusura definitiva del suo stabilimento di cartone di Los Angeles nell'ambito della sua strategia di ottimizzazione. L'impianto, che cesserà le attività a giugno 2025, produce attualmente sia cartone riciclato patinato (CRB) sia cartone riciclato non patinato (URB). La chiusura comporterà la rimozione dal mercato di 50.000 tonnellate di CRB e 22.000 tonnellate di URB, ponendo fine alla produzione di cartone patinato di Greif sulla Costa Ovest. La decisione interesserà circa 72 posti di lavoro, con l'azienda che offrirà indennità di licenziamento e risorse per la transizione professionale ai dipendenti coinvolti. La scelta è stata motivata dall'aumento dei costi e dalle limitate opportunità di integrazione.
Greif (NYSE: GEF) anunció el cierre permanente de su planta de cartón en Los Ángeles como parte de su estrategia de optimización. La instalación, que cesará operaciones en junio de 2025, produce actualmente tanto cartón reciclado estucado (CRB) como cartón reciclado sin estucar (URB). El cierre eliminará 50,000 toneladas de CRB y 22,000 toneladas de URB del mercado, poniendo fin a la producción de cartón estucado de Greif en la Costa Oeste. La decisión afectará aproximadamente a 72 puestos, y la empresa proporcionará beneficios por despido y recursos para la transición profesional a los empleados afectados. La decisión se atribuyó al aumento de costos y a las limitadas oportunidades de integración.
Greif (NYSE: GEF)는 최적화 전략의 일환으로 로스앤젤레스 제지 공장의 영구 폐쇄를 발표했습니다. 이 시설은 2025년 6월에 운영을 중단할 예정이며, 현재 코팅 재생지(CRB)와 비코팅 재생지(URB)를 생산하고 있습니다. 이번 폐쇄로 50,000톤의 CRB와 22,000톤의 URB 생산 능력이 시장에서 사라지며, 그리프의 서부 해안 코팅지 생산이 종료됩니다. 약 72명의 인력에 영향이 있으며, 회사는 해당 직원들에게 퇴직 수당과 경력 전환 지원을 제공할 예정입니다. 폐쇄 결정은 비용 증가와 제한된 통합 기회 때문으로 밝혀졌습니다.
Greif (NYSE : GEF) a annoncé la fermeture définitive de son site de fabrication de carton à Los Angeles dans le cadre de sa stratégie d'optimisation. L'installation, qui cessera ses activités en juin 2025, produit actuellement du carton recyclé couché (CRB) et du carton recyclé non couché (URB). Cette fermeture entraînera la suppression de 50 000 tonnes de CRB et de 22 000 tonnes d'URB sur le marché, mettant fin à la production de carton couché de Greif sur la côte Ouest. Cette décision affectera environ 72 emplois, l'entreprise offrant des indemnités de licenciement et des ressources pour la reconversion professionnelle aux employés concernés. La décision est due à l'augmentation des coûts et aux opportunités d'intégration limitées.
Greif (NYSE: GEF) hat die dauerhafte Schließung seines Pappkartonwerks in Los Angeles im Rahmen seiner Optimierungsstrategie angekündigt. Die Anlage, die im Juni 2025 den Betrieb einstellen wird, produziert derzeit sowohl beschichteten Recyclingkarton (CRB) als auch unbeschichteten Recyclingkarton (URB). Die Schließung wird 50.000 Tonnen CRB und 22.000 Tonnen URB Kapazität vom Markt nehmen und damit die Produktion von beschichtetem Karton von Greif an der Westküste beenden. Die Entscheidung betrifft etwa 72 Arbeitsplätze, wobei das Unternehmen Abfindungen und Unterstützung bei der beruflichen Neuorientierung für die betroffenen Mitarbeiter bereitstellt. Die Schließung wurde auf gestiegene Kosten und begrenzte Integrationsmöglichkeiten zurückgeführt.
- Strategic optimization to enhance existing mill network performance
- Cost reduction through elimination of underperforming facility
- Providing severance benefits and career transition support to affected employees
- Loss of 72 jobs and complete exit from West Coast coated paperboard production
- Reduction of 72,000 tons total production capacity (50,000 CRB + 22,000 URB)
- Increased costs and limited integration opportunities affecting operational viability
DELAWARE, Ohio, May 01, 2025 (GLOBE NEWSWIRE) -- Greif (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today it will permanently close the paperboard mill in Los Angeles, California as part of its previously announced optimization efforts. The Los Angeles mill is expected to cease operation in June 2025.
The mill, which produces both coated recycled paperboard (CRB) and uncoated recycled paperboard (URB) is expected to remove 50,000 tons of CRB and 22,000 tons of URB capacity from the market and will end Greif’s coated paperboard production on the West Coast.
“Closing this facility was not an easy decision, especially knowing the effect it has on our team members, their families, and the surrounding community,” said President and CEO Ole Rosgaard. “I want to sincerely thank our Los Angeles colleagues for their hard work and commitment over the years. As we move forward, our focus is on providing meaningful support, including severance benefits and career transition resources, to help them through this change.”
In total, approximately 72 positions will be impacted. Closing the Los Angeles Mill is a result of increased costs and limited integration opportunities.
“We remain confident in the strength of our business and its long-term potential. This is a strategic decision intended to strengthen our focus in key markets while enhancing the performance of both our existing mill network and broader business portfolio,” said Rosgaard.
About Greif
Greif is a global leader in industrial packaging products and services and is pursuing its vision: being the best customer service company in the world. The Company produces steel, plastic and fiber drums, intermediate bulk containers, reconditioned containers, jerrycans and other small plastics, containerboard, corrugated sheets and products, uncoated recycled paperboard, coated recycled paperboard, tubes and cores and a diverse mix of specialty products. The Company also manufactures packaging accessories and provides other services for a wide range of industries. In addition, Greif manages timber properties in the southeastern United States. The Company has a workforce of over 14,000 colleagues spread across more than 250 facilities in 37 countries to serve global as well as regional customers. Additional information is on the Company's website at www.greif.com.
Media Contact
TJ Struhs
Director, Corporate Communications
tj.struhs@greif.com | +1 (207) 956-2304
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