Pactiv is a manufacturer and distributor of food packaging and foodservice products, supplying packers, processors, supermarkets, restaurants, institutions and foodservice outlets across North America.

History

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. As a result, its product portfolio expanded to include aluminum, clear plastic, foam products, molded fiber and pressware. The company name has changed numerous times, from PCA to Tenneco Packaging Inc. (1995) to Pactiv Corporation (1999), when it was spun off by Tenneco, becoming an independent company. Since 1999, the company has pursued a number of strategic mergers and acquisitions, each with an eye toward strengthening its position in the foodservice packaging industry, including adding Jaguar (2002), Newspring (2005), Prairie Packaging (2007), and PWP Industries (2010). In 2010, Pactiv was acquired by

Rank Group Ltd Graeme Richard Hart (born 1955) is a New Zealand billionaire businessman and the country's wealthiest person.Reynolds Group Holdings Limited (RGHL), a global manufacturer and supplier of consumer food and beverage packaging and storage products. Since the Rank acquisition, the company continued to grow, incorporating the legacy Reynolds Foodservice business to Pactiv, acquiring Dopaco in 2011, adding International Tray Pads and Packaging and Interplast Packaging in 2012, and Spirit, a manufacturer of foodservice products including cups, cutlery, straws and stirrers, in 2013. On September 8, 2021 it was announced the company will acquire, through its wholly-owned subsidiary Pactiv Evergreen Group Holdings,

Fabri-Kal Fabri-Kal is a United States company. It is a provider of plastic foodservice and custom thermoformed packaging. Products include consumer and foodservice products including plastic cups, containers and lids. It is privately owned. It is headqu ...

a manufacturer of foodservice and consumer brand packaging solutions, for $380 million.

References

{{Illinois Corporations Packaging companies of the United States Catering and food service companies of the United States Manufacturing companies established in 1999 Companies based in Lake Forest, Illinois Companies listed on the Nasdaq Corporate spin-offs Manufacturing companies based in Illinois 1999 establishments in Illinois 2010 mergers and acquisitions 2020 initial public offerings