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Funding for the acquisition came from a new $385 million five-year term loan facility.
August 30, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
Packaging Corporation of America announced that it has completed its acquisition of TimBar Corporation, a large independent corrugated products producer, in a cash-free, debt-free transaction. Funding for the acquisition came from a new $385 million five-year term loan facility. “We are very pleased to complete this transaction and welcome our new employees to PCA,” said Mark Kowlzan, PCA chairman and CEO. “Integrating these new operations into PCA will quickly enhance our financial results ...
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