Pactiv Evergreen To Acquire Fabri-Kal, A Leading Manufacturer Of Foodservice And Consumer Brand Packaging Solutions
Pactiv Evergreen To Acquire Fabri-Kal, A Leading Manufacturer Of Foodservice And Consumer Brand Packaging Solutions
09/08/21, 11:03 AM
Location
lake forestIndustry
food and beverage
manufacturing
Pactiv Evergreen Inc. (NASDAQ: PTVE) today announced that its wholly-owned subsidiary, Pactiv Evergreen Group Holdings Inc. has reached a definitive agreement to acquire Fabri-Kal, a leading manufacturer of foodservice and consumer brand packaging solutions. The transaction, valued at approximately $380 million, subject to adjustments for cash, working capital and indebtedness, is expected to close late in the third quarter or early in the fourth quarter of this year, subject to regulatory approvals and satisfaction of other customary closing conditions.
Company Info
Location
Lake Forest, Illinois, United States
Company info
Pactiv Evergreen Inc. (NASDAQ: PTVE) is one of the largest manufacturers of fresh food and beverage packaging in North America. With a team of nearly 15,000 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.