Pactiv Evergreen

Pactiv Evergeen Inc. was 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. 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. Pactiv Evergreen was created in 2020 through the initial public offering of Reynolds Group Holdings Limited (RGHL). 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 (PCA). Those companies bear little resemblance to the company today, as they operated paper mills that exclusively produced cardboard boxes. Tenneco Inc. purchased PCA in 1965, and during the next 34 years the company undertook a number of acquisitions, including the acquisition of Mobil Plastics Company in 1995 and Amoco Foam Products Company in 1996, which formed the basis of the current Pactiv business.