Packaging Corporation of America Advances Greif Integration with Major Capital Investments and Operational Enhancements

Packaging Corporation of America (PCA) revealed its Q3 2025 results marked by steady financial performance, driven in part by the integration of the Greif containerboard business acquired in September 2025. Despite initial operational challenges requiring extended mill maintenance outages at Riverville and Massillon, PCA is investing heavily in upgrades to bolster long-term asset reliability. Capital spending in Q3 surged to $192 million, focused on expanding and optimizing facilities including Greif assets. These investments are complemented by a strong pricing strategy and a balanced production mix, supporting operating income growth despite temporary disruptions. PCA’s containerboard production totaled 1.26 million tons with a maintained operating margin of 14%. The company’s proactive maintenance strategy and capital discipline underpin its resilience in a volatile packaging market. Anticipated Q4 maintenance at the DeRidder mill further signals PCA's commitment to reliability and operational excellence. With a forecast of continued disciplined growth and integration progress, PCA is reinforcing its leadership position in North American containerboard production amidst evolving market dynamics.