PCA purchases Boise Packaging

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There is a new acquisition hitting the news wire in the corrugate world.  PCA is preparing to buy out Boise Packaging in a transaction worth just shy of $2,000,000,000.  Lots of zeros in this sale.  This includes the debt on Boise’s books – which totals over $700,000,000.

This deal will add more than 30% capacity to both their containerboard and corrugate divisions.

Combined the two companies have sales figures totaling over $5,500,000,000.  Great news for the state of Illinois considering PCA’s main hub is just outside of Chicago in Lake Forest, IL.

As an FYI, PCA’s stock is soaring, and a great boat to jump on if you are looking to invest into our industry.

http://finance.yahoo.com/news/packaging-corporation-set-acquire-boise-132001948.html

~Source: Yahoo Finance

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