Packaging Corp. of America has entered into an agreement to acquire Columbus Container Inc., an independent corrugated products producer, for $100 million.
PCA will acquire a corrugated products facility in Columbus, Indiana, plus five warehousing facilities and related operations within Indiana and Illinois. With the acquisition, PCA's containerboard integration level is anticipated to increase by over 30,000 tons, allowing for optimization and enhancement of mill capacity.
“Following our acquisition of Timbar, this acquisition will further enhance our operations both geographically and strategically through additional integration and optimization of our warehousing and logistics capabilities,” PCA Chairman and CEO Mark Kowlzan said.
PCA is the fourth-largest producer of containerboard and corrugated packaging products in the United States. It operates eight mills and 95 corrugated products facilities.
“Like previous acquisitions, the addition of Columbus Container is a great strategic fit for PCA. They have in place an excellent management team that leads a highly skilled and dedicated group of employees and have earned an outstanding reputation in the marketplace,” PCA Executive Vice President Tom Hassfurther said.
Closing is subject to regulatory approval and is expected in the fourth quarter this year.