Packaging Corporation of America (NYSE: PKG) is an American manufacturing company based in Lake Forest, Illinois. The company has about 14,600 employees, with operations primarily in the United States. The company was founded in 1959 by the consolidation of three companies and was eventually acquired by Tenneco in 1965. In November 1995, the company’s name was changed to Tenneco Packaging Inc.; in 1999, a new entity re-established the name Packaging Corporation of America.
This arbitration arises pursuant to a collective bargaining agreement. The undersigned neutral arbitrator was selected by the parties to conduct a hearing and render a binding arbitration award. Neither party raised procedural objections to the propriety of the arbitration. -Collective Bargaining Agreement between Boise and International Association of Machinists and Aerospace Workers (2010)