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Pactiv

Pactiv
Company namePactiv
Company typeSubsidiary
IndustryConsumer Packaged Goods, Packaging Solutions
FoundedNovember 1999
HeadquartersLake Forest, Illinois
Key peopleRichard L. Wambold (CEO)
ProductsConsumer products including waste bags, food-storage bags, and disposable tableware and cookware; Foodservice/Food Packaging products including foam, clear plastic, aluminum, pressed-paperboard, and molded fiber packaging
Revenue$3.4 Billion US Dollars (2009)
Operating income$579 Million US Dollars (2009)
Net income$324 Million US Dollars (2009)
Employees12000
ParentReynolds Group Holdings

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Pactiv Corporation has two operating segments:

* Hefty Consumer Products manufactures and sells waste bags, food-storage bags, and disposable tableware and cookware in the consumer market, through grocery stores, mass merchandisers, drug stores, and discount chains. Hefty is a registered trademark of Pactiv Corporation.

* Foodservice/Food Packaging: Pactiv provides packaging products to the foodservice, supermarket, restaurant, and food packaging markets. These products are designed to protect food during distribution, aid retailers in merchandising food products, and help customers prepare and serve meals in their homes.


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