will identify even more opportunities within the combined system for future high return investments to grow with our corrugated and sheet feeder customers. We will continue to generate significant cash flows and value for our share- holders.” “We have a great deal of respect for Greif and are very pleased to have reached agreement to acquire this business,” said PCA President Tom Hassfurther. “Greif’s people have developed deep and lasting relationships with their customers, who we look forward to serving with Greif’s well capitalized facilities. It is a very strong cultural fit with us in terms of safety, innovation, growth, and ded- ication to serving the needs of customers. We will apply the sales, customer service and operational expertise of the combined organization to even better serve our corru- gated and sheet feeder customers and achieve additional growth and profitability.” BofA Securities provided financial advice to PCA and provided committed financing for the transaction. PCA says it is the third largest producer of contain- erboard products and a leading producer of uncoated freesheet paper in North America. PCA operates eight mills and 86 corrugated products plants and related fa- cilities. They have approximately 15,400 employees, with operates within the United States. In 2024, PCA produced about 294 billion square feet (BSF) of containerboard and shipped 67 BSF of corrugated products. Visit packagingcorp.com .
AVERAGE CONTAINERBOARD PRICES The average prices reported are tabulated from prices PAID by various sources throughout the United States the week previous to issue. Prices in some areas of the country may be higher or lower than the tabulated average. The prices tabulated here are intended only for purposes of reference. They do not connote any commitment to sell any material at the indicated average. Transactions may be completed at any time at a price agreed upon by seller and purchaser. REGION 42# Kraft liner 26# Semi-Chem. Medium $ 900.00-925. 00 $ 825. 00 -$850.00 U.S. Average CANADIAN LINERBOARD & MEDIUM The average prices reported are tabulated from prices PAID by various sources throughout Canada. Prices may be higher or lower in various areas of the country. The prices tabulated here are intended only for purposes of reference. They do not connote any commitment to sell any material at the indicated average. Transactions may be completed at any time at a price agreed upon by seller and purchaser. Prices are Canadian $ and per metric ton. 42# Kraft Liner 26# Semi-Chem Medium East $970.00 $960.00 West $1,015.00 $995.00 REGION
PCA To Purchase (CONT’D FROM PAGE 1)
expected by the end of the first year with the remainder being received by the end of the second year. PCA is expected to finance the transaction with $1.5 bil- lion of new debt and cash on hand. PCA’s pro forma lever- age ratio (net debt to EBITDA) will be approximately 1.7X after completion of the transaction. PCA CEO Mark Kowlzan said, “This acquisition furthers PCA’s profitable growth strategy. The mills nicely com- plement PCA’s system and will provide containerboard to support PCA’s continued corrugated products growth. We expect to achieve significant synergies with minimal capital investment through our operational expertise and
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July 7, 2025
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