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Packaging Corp. of America (NYSE: PKG), Lake Forest, IL, has agreed to acquire Sacramento Container Corp., McClellan, CA, as well as Northern Sheets LLC and Central California Sheets LLC for $265 million.
The company also said it will convert its Wallula, WA, mill from a 200,000 ton-per-year No. 3 paper machine to a 400,000 ton-per-year high-performance 100 percent virgin kraft linerboard machine in the second quarter of 2018.