| Pactiv Corporation (NYSE: PTV) is a leading producer of specialty packaging products for the consumer and foodservice/food packaging markets.
With 2005 sales of $2.8 billion, Pactiv has one of the broadest product lines in the specialty packaging industry, and derives more than 80 percent of its
sales from market sectors in which it holds the No. 1 or No. 2 market-share position. For more information about Pactiv Corporation, visit www.pactiv.com. For more information about Pactiv Corporation’s Hefty® brand products, visit www.heftybrand.com
Operations:
Pactiv Corporation has two operating segments:
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File:PactivLogo.jpg
| Type: | Public (NYSE: PTV) |
| Headquarters: | Lake Forest, Illinois |
| Industry: | Specialty Packaging |
| Products: | Consumer 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: | $2.8 Billion US Dollars (2005) |
| Websites: | www.pactiv.com
www.heftybrand.com |
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- Hefty® Consumer Products manufactures and sells disposable plastic, foam, molded-fiber, pressed-paperboard, and aluminum packaging products to consumer markets, such as grocery stores, mass merchandisers, and discount chains. Products include waste bags, food-storage bags, and disposable tableware and cookware. The company sells consumer products under well-known brand names, including:
Hefty® Cinch Sak® waste bags, Hefty® Kitchen Fresh® tall kitchen bags, Hefty® Ultra Flex™ waste bags, Hefty® The Gripper® waste bags, Hefty® HandySaks™ waste bags, Hefty® Serve 'n Store® plates and bowls, Hefty® Easy Grip® party cups, Hefty® Zoo Pals® plates, bowls, cups and Funtensils® utensils, Hefty® OneZip® slider storage and freezer bags, Baggies® storage bags, Hefty® EZ Foil™ disposable pans, Hefty® EZ Ovenware™ disposable pans, and Kordite® brand waste bags and tableware.
The Hefty® brand is one of the United States' most widely-recognized brands and a brand leader in key segments of the U.S. consumer market, including drawstring closure waste bags, foam disposable tableware, children's disposable tableware, slider closure food storage and freezer bags and disposable cookware.
- Foodservice/Food Packaging: Pactiv is a leading provider of 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.
Foodservice customers use our products to merchandise and sell food products on-premises and for takeout meals. Products include tableware items such as plates, bowls, and cups, and a broad line of takeout-service containers made from clear plastic, microwaveable plastic, foam, molded-fiver, paperboard, and aluminum.
Food-packaging products for supermarkets include clear rigid-display packaging for produce, delicatessen, and bakery applications; microwaveable containers for prepared, ready-to-eat meals; the Slide-Rite® advanced closure system for consumer packages, and foam trays for meat and produce.
Food-processor products include dual-ovenable paperboard containers, molded-fiber egg cartons, meat and poultry trays, and aluminum containers.
History:
The company was incorporated in the state of Delaware in 1965 under the name of Packaging Corporation of America, operating as a subsidiary of Tenneco Inc.
(Tenneco). In November 1995, the name was changed to Tenneco Packaging Inc. In November 1999, the corporation was spun-off from Tenneco as an independent company, and the name was changed to Pactiv Corporation.
Pactiv's corporate headquarters is located at: 1900 West Field Court, Lake Forest, Illinois 60045, telephone: 847-482-2000, website: www.pactiv.com.
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