Pactiv Evergreen Inc. Completes Divestiture of Ownership Interest in Naturepak Beverage Packaging Co Ltd Joint Venture
March 29 2022 - 5:57PM
Pactiv Evergreen Inc. (NASDAQ: PTVE) announced today that its
wholly-owned subsidiary, Evergreen Packaging International LLC,
completed the previously announced sale of its 50 percent interest
in Naturepak Beverage Packaging Co Ltd to affiliates of Elopak ASA.
Naturepak Beverage Packaging Co Ltd supplies customers in the
Middle East and Africa region from manufacturing plants in Morocco
and Saudi Arabia. Financial terms were not disclosed.
“The completion of this transaction positions
Pactiv Evergreen to focus on our growth in North America where we
are established as a leading manufacturer of fresh food and
beverage packaging, servicing many of the world’s most beloved
brands,” said Michael King, Pactiv Evergreen CEO.
Contacts:
Investors:Dhaval
Patel732.501.9657dhaval.patel@pactivevergreen.com
Media: Beth
Kelly412.303.4771beth.kelly@pactivevergreen.com
About Pactiv Evergreen Inc.
Pactiv Evergreen Inc. is one of the largest manufacturers of fresh
food and beverage packaging in North America. With a team of
approximately 16,000 employees, the Company produces a broad range
of on-trend and feature-rich products that protect, package and
display food and beverages for today’s consumers. Its products,
many of which are made with recycled, recyclable or renewable
materials, are sold to a diversified mix of customers, including
restaurants, foodservice distributors, retailers, food and beverage
producers, packers and processors. Learn more at
www.pactivevergreen.com.
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