July 23, 2014 4:30 AM ET

Containers and Packaging

Company Overview of Pactiv LLC

Company Overview

Pactiv LLC manufactures and distributes food packaging and foodservice products. It offers containers; hot and cold beverage cups, lids, straws, and beverage carriers; tabletops, including cutlery, plates, platters, and bowls; plastic wrap and aluminum foils; and school, meat and poultry, carry, and processor trays. The company also provides custom and stock foams, plastic and aluminum products, pressed-paperboards, PE coated boards, and molded-fiber packaging products. In addition, it offers custom printing and embossing solutions; and new product development capabilities for food packaging and foodservice industries. The company’s products are used in application of beverage, take-out, del...

1900 West Field Court

Lake Forest, IL 60045

United States

Founded in 1959

12,000 Employees

Phone:

847-482-2000

Fax:

847-482-4738

Key Executives for Pactiv LLC

Chief Financial Officer and Senior Vice President
Age: 62
Director
Age: 66
Chief Executive Officer of Foodservice/Food Packaging Unit
Age: 55
Vice President
Age: 54
Senior Vice President and General Manager of Hefty Consumer Products
Age: 64
Compensation as of Fiscal Year 2014.

Pactiv LLC Key Developments

Pactiv LLC Launches New EarthChoice(R) Foam Cup

Pactiv LLC has added a new line of foam cups to its EarthChoice(R) portfolio. The new foam cup is made with up to 25% Post-Consumer Recycled Content material. The first in the foodservice industry, these cups provide a cost-effective alternative to sustainable cups. Plus, the new cup design conveys a high quality image and provides excellent performance. Perfect for restaurants, convenience stores and other foodservice to go applications, these cups are available in 8, 12, 16 and 20 oz sizes.

Pactiv Corporation Announces Financial Results for the Second Quarter of 2012

Pactiv Corporation announced financial results for the second quarter of 2012. For the quarter, the company had continued to have strong year-over-year earnings improvement. The reported revenue decreased from $1.06 billion to $1.01 billion in second quarter of 2012, primarily driven by volume decreases driven by the sale of the laminating operation in Louisville, Kentucky, in January 2012, as well as exiting non-strategic business along with lower sales in mature and declining categories, partially offset by contributions from the Dopaco acquisition and pricing strategies to recover resin costs. Adjusted EBITDA increased from $144 million to $162 million in second quarter of 2012, primarily driven by improved operational performance, realization of synergies from the Dopaco and Pactiv acquisitions, pricing strategies, partially offset by the sale of the laminating operations in Louisville, Kentucky in January 2012, as well as volume decreases in mature and declining categories.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 8, 2014
Pactiv LLC, Certain Assets
 

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