Pactiv Evergreen Completes Sale of its Carton Packaging and Filling Machinery Businesses in China, Korea and Taiwan
August 03 2022 - 9:37AM
Pactiv Evergreen Inc. (Pactiv Evergreen; NASDAQ: PTVE) today
announced that its wholly-owned subsidiary, Evergreen Packaging
International LLC, has completed the previously announced sale of
its carton packaging and filling machinery businesses in China,
Korea and Taiwan to SIG Group Ltd.
“With most of our assets being in North America, we
provide an extensive offering of North American-manufactured
products to our customers,” said Michael King, Pactiv Evergreen’s
Chief Executive Officer. “This transaction positions Pactiv
Evergreen to further 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.”
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 16,500 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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