# Packaging Corporation of America to acquire Advance Packaging's Grand Rapids plant for $189M

Packaging Corporation of America agreed on October 22, 2021 to acquire substantially all assets of Advance Packaging Corporation, including a 500,000 sq ft corrugated products facility in Grand Rapids, Michigan, for $189 million in cash.

- Type: Acquisition
- Announced: 2021-10-22
- Where: Grand Rapids, Michigan, United States
- Value: $189.0M
- Status: announced
- Capacity: 500,000 sq ft facility
- Products: corrugated products
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Packaging Corporation of America](https://endata.com/companies/467.md) (acquirer)
- [Advance Packaging Corporation](https://endata.com/companies/8532.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/PACKAGING-CORPORATION-OF--40311146/news/Packaging-Corporation-of-America-entered-into-a-definitive-agreement-to-acquire-Substantially-All-of-36855931/), 2021-10-25: "PCA will acquire a modern full-line 500,000 square foot corrugated products facility located in Grand Rapids, Michigan."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.