Packaging Corporation of America
PCA Completes Acquisition of Greif's Containerboard Business
Summary
Packaging Corporation of America (PCA) has completed the acquisition of Greif, Inc.'s containerboard business for approximately $1.8 billion in cash. The acquisition was funded using approximately $300 million of cash on hand and $1.5 billion in new borrowings under term loan facilities and a senior note offering. The transactions closed on August 31, 2025, and PCA fully drew down the term loan facilities on September 2, 2025.
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About Packaging Corporation of America
Packaging Corporation of America is a premier manufacturer and provider of packaging solutions in the United States. The company specializes in producing high-quality containerboard and corrugated packaging products. Its primary function is to offer sturdy and reliable packaging solutions that support businesses across various industries, ensuring their products are safely packaged for transport and storage. Known for its efficient and sustainable manufacturing processes, Packaging Corporation of America plays a significant role in the supply chain, servicing sectors like food and beverage, automotive, and electronics. With its extensive network of plants and distribution centers, the company ensures timely delivery and responsiveness to market demands. Headquartered in Lake Forest, Illinois, Packaging Corporation of America emphasizes eco-friendly practices, contributing to the growing trend of sustainability in packaging. Its commitment to quality and environmental responsibility makes it a notable entity within the industrial and materials segment of the financial market, reflecting its position as a vital component of modern logistics and commerce.
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