Pactiv Corporation (Public, NYSE:PTV), incorporated in 1965, is a producer of consumer and foodservice/food packaging products. The Company’s business operates 43 manufacturing facilities in North America, and 1 in Germany. It also has two joint-venture interests in China. During the year ended December 31, 2009, 96% of its sales were generated in North America. The Company has three segments: Consumer Products, Foodservice/Food Packaging and Other. The Company manufactures disposable plastic, foam, molded fiber, pressed paperboard, and aluminum packaging products, and sells them to customers, such as grocery stores, mass merchandisers, and discount chains. Its Other segment includes corporate and administrative service operations and retiree benefit income and expense.
On January 5, 2009, Pactiv purchased the polypropylene cup business of WinCup.
In April 2010, the Company purchased PWP Industries.
On November 16,2010 Reynolds Group has completed its acquisition of Pactiv Corp for US$ 4.6bn