Packaging Corporation of America

Last updated

Packaging Corporation of America
Company type Public
IndustryPackaging and containers
Founded1959;66 years ago (1959)
Headquarters Lake Forest, Illinois, U.S.
Key people
Mark W. Kowlzan (Chairman and CEO)
RevenueIncrease2.svg US$8.640 billion (2024)
Increase2.svg US$1.289 billion (2024)
Increase2.svg US$898.6 million (2024)
Total assets Increase2.svg US$8.833 billion (2024)
Total equity Increase2.svg US$4.404 billion (2024)
Number of employees
15,400 [1]  (2024)
Website packagingcorp.com

Packaging Corporation of America is an American manufacturing company based in Lake Forest, Illinois. [2] The company has about 15,500 employees, with operations primarily in the United States. The CEO is Mark W. Kowlzan. [3]

Contents

History and operations

The company was founded in 1959 by the consolidation of three companies and was eventually acquired by Tenneco in 1965. [4] In November 1995, the company's name was changed to Tenneco Packaging Inc.; in 1999, a new entity re-established the name Packaging Corporation of America

In 2009, the company opened a new design center and project-management facility in Hong Kong, operating under the name Packaging Corporation of Asia Limited.

The company has acquired many companies, including Boise Inc. in 2013, [5] TimBar Corporation [6] and Columbus Container, Inc. [7] in 2016, Sacramento Container Corporation in 2017, [8] and Englander Container and Display in 2018. [9]

The company's network consists of 6 containerboard mills, 2 white paper mills, 95 converting facilities, 10 creative design centers, 3 fulfillment centers, 8 packaging and supply centers, 2 training and resource centers, and 1 technical center.

See also

References

  1. ↑ "Packaging Corp. of America". Fortune. Retrieved February 8, 2021.
  2. ↑ "Lake Forest Corporate Headquarters | PCA". PCA. Retrieved March 10, 2018.
  3. ↑ "PKG Profile | Packaging Corporation of America Stock - Yahoo Finance". finance.yahoo.com. Retrieved September 22, 2018.
  4. ↑ "History (1867-1970) | PCA". www.packagingcorp.com. Retrieved February 8, 2021.
  5. ↑ "Packaging Corporation of America Completes Acquisition of Boise Inc. | Packaging Corporation of America". ir.packagingcorp.com. Retrieved February 8, 2021.
  6. ↑ "Packaging Corporation of America Completes Acquisition of TimBar Corporation | Packaging Corporation of America". ir.packagingcorp.com. Retrieved February 8, 2021.
  7. ↑ "Packaging Corporation of America Completes Acquisition of Columbus Container, Inc. | Packaging Corporation of America". ir.packagingcorp.com. Retrieved February 8, 2021.
  8. ↑ "Packaging Corporation of America Completes Acquisition of Sacramento Container Corporation | Packaging Corporation of America". ir.packagingcorp.com. Retrieved February 8, 2021.
  9. ↑ "About Us". Englander dZignPak. Retrieved February 8, 2021.
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