Packaging Corporation of America (PCA) has acquired Columbus Container, a US-based independent corrugated products manufacturer.
The cash-free and debt-free transaction is valued at $100m.
Under the acquisition, PCA has purchased Columbus Container’s full-line corrugated products facility in Columbus, Indiana, as well as five warehousing facilities and related operations located in Indiana and Illinois, US.
Packaging Corporation of America 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 organisation into our company.”
The company currently produces containerboard and corrugated packaging products as well as uncoated freesheet paper.
With eight mills and 95 corrugated products plants and related facilities, the company serves the North American region.
In August, PCA completed the acquisition of corrugated products producer TimBar.
The company has used a new $385m, five-year loan to complete the deal.
Announced in July, the acquisition includes five corrugated product plants, two fulfilment centres and four design facilities located in eastern US.
TimBar provides multi-colour graphics and technical solutions to customers operating in the fields of higher margin retail, industrial packaging, and display and fulfilment markets.