On the Record · Packaging Corp of America
Packaging Corp of America acquisitions, on the record
The businesses Packaging Corp of America bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
containerboard and corrugated packaging products business of Pactiv Corporation (Pactiv)Word for word“In April 1999, PCA acquired the containerboard and corrugated packaging products business of Pactiv Corporation (Pactiv), formerly known as Tenneco Packaging, Inc., a wholly owned subsidiary of Tenneco Inc.” 10-K for 2023 | acquisition | April 1999 | — |
Advance Packaging CorporationWord for word“Includes $1.0 million of income from a favorable inventory adjustment related to the December 2021 Advance Packaging Corporation acquisition, partially offset by acquisition and integration related costs.” 10-K for 2023 | acquisition | December 2021 | — |
Boise Inc.Word for word“Agreement and Plan of Merger, dated September 16, 2013, between PCA, Bee Acquisition Corp. and Boise Inc.” 10-K for 2023 | merger | September 16, 2013 | — |
part of the operations of a corrugated products facilityWord for word“During 2022, a corrugated products facility sold part of its operations, which primarily included existing inventory.” 10-K for 2023 | divestiture | During 2022 | — |
a corrugated products facilityWord for word“For 2023, includes $14.4 million of charges related to the closure of corrugated products facilities and design centers, partially offset by a gain on sale of a corrugated products facility.” 10-K for 2023 | divestiture | For 2023 | — |
containerboard and corrugated packaging products business of Pactiv Corporation (Pactiv), formerly known as Tenneco Packaging, Inc.Word for word“In April 1999, PCA acquired the containerboard and corrugated packaging products business of Pactiv Corporation (Pactiv), formerly known as Tenneco Packaging, Inc., a wholly owned subsidiary of Tenneco Inc.” 10-K for 2024 | acquisition | April 1999 | — |
containerboard business of Greif, Inc.Word for word“On September 2, 2025, we completed the acquisition of the containerboard business of Greif, Inc. (“Greif” or “Greif Acquisition”) for $1.8 billion in cash.” 10-K for 2025 | acquisition | September 2, 2025 | $1.8 billion in cash |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $485.4 million | $0 | $193.9 million |
| 2017-12-31 | $273.8 million | — | — |
| 2018-12-31 | $56.3 million | — | — |
| 2019-12-31 | $0 | — | — |
| 2020-12-31 | $0 | — | — |
| 2021-12-31 | $194.9 million | — | — |
| 2022-12-31 | $0 | — | — |
| 2023-12-31 | $0 | — | — |
| 2024-12-31 | $0 | — | — |
| 2025-12-31 | $1.8 billion | — | $449.9 million |
Deal filings since 2016
- 2025-08-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-07-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-06-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-09-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Packaging Corp of America’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.