Pactiv Evergreen — BrandWiki

Pactiv Evergreen

Overview

Pactiv Evergreen Inc.

type	Subsidiary
foundation	2020
predecessor	Reynolds Group Holdings
location	Lake Forest, Illinois, U.S.
key people	Mike King (CEO)
industry	Packaging and Container Manufacturing
products	Custom and stock foam, plastic, aluminum, pressed-paperboard, PE coated board, and molded-fiber packaging
assets	$7.021 billion
assets year	2021
equity	$1.288 billion
equity year	2021
num employees	16,500
subsid	Pactiv LLC Evergreen Packaging Fabri-Kal
revenue	$5.437 billion
revenue year	2021
operating income	$108 million
income year	2021
net income	$23 million
net income year	2021
homepage	http://pactivevergreen.com/

Pactiv Evergeen Inc. is a manufacturer and distributor of food packaging and foodservice products, supplying packers, processors, supermarkets, restaurants, institutions and foodservice outlets across North America. The company operates as a unit of Novolex.

In April 2025, Novolex completed the purchase of the company for $6.7 billion.[1]

Operations

Pactiv Evergreen operations are divided into three segments: Foodservice, Food Merchandising, and Beverage Merchandising. The company operates 53 manufacturing plants, 26 warehouses, and 8 distribution centers.

History

Pactiv Evergreen was created in 2020 through the initial public offering of Reynolds Group Holdings Limited (RGHL).[2] Both Pactiv and Evergreen Packaging were predecessor companies previously acquired to become part of Reynolds Group Holdings.

Pactiv’s roots stretch back to 1959, when Central Fibre, American Boxboard, and Ohio Boxboard merged to form Packaging Corporation of America

Operations

History

References