Lake Forest, Illinois, USA, 14 December 2011 -- (BUSINESS WIRE) -- Packaging Corporation of America (NYSE: PKG) announced today that its board of directors has authorized the repurchase of an additional USD 150 million of the company’s outstanding common stock to be made from time to time in accordance with applicable securities regulations.

PCA is the fifth largest producer of containerboard and corrugated packaging products in the United States with sales of USD 2.44 billion in 2010. PCA operates four paper mills and 71 corrugated product plants in 26 states across the country.