Pactiv Evergreen Inc. (PEG)

Overview

Pactiv Evergreen Inc. is a prominent manufacturer and distributor of fresh foodservice and food merchandising products along with fresh beverage cartons, catering to a wide market in the United States, across North America, and internationally. The company, which started its operations in 1880 and was formerly known as Reynolds Group Holdings Limited, now operates under two main segments: Foodservice, and Food and Beverage Merchandising. Pactiv Evergreen has its headquarters in Lake Forest, Illinois, symbolizing its long-standing history and establishment in the packaging industry. As a subsidiary of Packaging Finance Limited, Pactiv Evergreen Inc. capitalizes on its extensive industry experience to serve a diverse range of customers, including full-service restaurants, quick service restaurants (QSRs), foodservice distributors, supermarkets, grocery and healthy eating retailers, among others, as well as food and beverage producers, packers, and processors.

Products and Services

Pactiv Evergreen Inc. offers an extensive portfolio of products and services meticulously designed to meet the dynamic needs of the foodservice and beverage industries. These offerings are classified into two main segments:

• Foodservice Segment: This segment includes a comprehensive range of products tailored for foodservice providers. Products here encompass:
  • Food Containers: Specially designed containers to keep food items fresh and to ensure safe transportation.
  • Drinkware: A variety of hot and cold cups and lids suitable for any beverage service need.
  • Tableware and Service Ware: High-quality utensils and dishes for a complete dining experience.
  • Other Products: A myriad of additional items that cater to the broad necessities of foodservice operations.
• Food and Beverage Merchandising Segment: This division focuses on offering innovative packaging solutions for the fresh beverage market and food merchandising, including:
  • Cartons for Fresh Refrigerated Beverage: Durable cartons designed for dairy, juice, and other specialty beverages, ensuring product integrity and freshness.
  • Clear Rigid-Display Containers: Visibility-maximizing containers that showcase the product attractively, ideal for prepared and ready-to-eat foods.
  • Trays for Meat, Poultry, and Egg Cartons: High-quality trays and cartons designed for the safe packaging of meat, poultry, and eggs.
  • Fiber-based Liquid Packaging Board: Eco-friendly packaging options that offer a sustainable choice for liquid products.
  • Fresh Carton Systems: Includes printed cartons, spouts, and filling machinery, providing a comprehensive solution for fresh beverage packaging needs.