Packaging Corporation of America (PKG)

Overview

Packaging Corporation of America, founded in 1867 and headquartered in Lake Forest, Illinois, stands out as a premier manufacturer and distributor of containerboard and corrugated packaging products within the United States. Operating across three main segments: Packaging, Paper, and Corporate and Other, the company caters to a broad spectrum of industrial and consumer needs. With a robust operation model, it serves different market segments through its versatile product range, focusing on innovative packaging solutions and specialty papers, alongside providing essential corporate services and possessing significant transportation assets.

Products and Services

• Containerboard and Corrugated Packaging: These products embody a variety of uses from conventional shipping containers designed to protect and convey manufactured goods to multi-color boxes and displays that facilitate product merchandising at retail locations. The Packaging segment further specializes in honeycomb protective packaging products and offers tailored packaging solutions for meat, fresh fruit and vegetables, processed food, beverages, and a wide range of industrial and consumer products. These corrugated products are distributed through a combination of direct sales, independent brokers, and distribution partners.
• Commodity and Specialty Papers: Under the Paper segment, the company manufactures and markets an array of papers including, but not limited to, cut-size office papers, printing and converting papers, and communication papers. This segment emphasizes both commodity and specialty papers, catering to a diverse clientele requiring high-quality white papers for various applications. The sales and marketing organization facilitates these transactions, ensuring products meet customer expectations and requirements.
• Corporate Support and Transportation Assets: The Corporate and Other segment encompasses corporate support staff services alongside corresponding assets and liabilities integral to the business's operations. Moreover, this segment is home to the company's transportation assets, which include a fleet of rail cars and trucks. These assets play a crucial role in the logistical aspect of the business, enabling efficient transportation of products across different regions.