Market: Packaging Paper & Board
December 1, 2016
Packaging Corporation of America (PCA ) has completed its acquisition of Columbus Container, Inc., an independent corrugated products producer in a cash-free, debt-free transaction. Funding for the $100 million acquisition came from available cash on hand, as the company said in the press release received by Lesprom Network.
PCA Chairman and CEO Mark Kowlzan said, “Completing the acquisition of Columbus Container is another excellent strategic fit for PCA and we expect to quickly integrate this great organization into our company.”
PCA is the fourth largest producer of containerboard and corrugated packaging products in the United States and the third largest producer of uncoated freesheet paper in North America.