Packaging Corporation of America Announces Additional $150 Million Share Repurchase Authorization

Packaging Corporation of America

announced today that its Board of Directors has authorized the repurchase of an additional $150 million of the company's outstanding common stock to be made from time to time in accordance with applicable securities regulations. Commenting on the additional authorization, Mark W. Kowlzan, Chief Executive Officer of PCA, said, “This action reflects both our continued commitment to return value to our shareholders and the operating and financial strength of the company.”