Pactiv

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Pactiv
TypeSubsidiary
IndustryConsumer Packaged Goods, Packaging Solutions
FoundedNovember 1999
HeadquartersLake Forest, Illinois
Key peopleRichard L. Wambold (CEO)
ProductsConsumer products including waste bags, food-storage bags, and disposable tableware and cookware; Foodservice/Food Packaging products including foam, clear plastic, aluminum, pressed-paperboard, and molded fiber packaging
Revenue$3.4 Billion US Dollars (2009)
Operating income$579 Million US Dollars (2009)
Net income$324 Million US Dollars (2009)
Employees12,000
ParentReynolds Group Holdings
Websitewww.pactiv.com
 
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Pactiv
TypeSubsidiary
IndustryConsumer Packaged Goods, Packaging Solutions
FoundedNovember 1999
HeadquartersLake Forest, Illinois
Key peopleRichard L. Wambold (CEO)
ProductsConsumer products including waste bags, food-storage bags, and disposable tableware and cookware; Foodservice/Food Packaging products including foam, clear plastic, aluminum, pressed-paperboard, and molded fiber packaging
Revenue$3.4 Billion US Dollars (2009)
Operating income$579 Million US Dollars (2009)
Net income$324 Million US Dollars (2009)
Employees12,000
ParentReynolds Group Holdings
Websitewww.pactiv.com

Pactiv Corporation has two operating segments:

History[edit]

Pactiv was incorporated in the state of Delaware in 1965 under the name of Packaging Corporation of America, operating as a subsidiary of Tenneco Inc. In November 1995, the name was changed to Tenneco Packaging Inc. In November 1999, the corporation was spun off as an independent company, and named Pactiv Corporation.[1] Reynolds Packaging Group announced its acquisition of Pactiv in August 2010.

References[edit]

  1. ^ Berman, Dennis K.; Lattman, Peter (May 17, 2010). "Maker of Hefty Bags In Talks for Buyout". The Wall Street Journal. p. B1.