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Pactiv Evergreen Shareholders to Receive $18.00 Per Share in Cash
Complementary products, focus on innovation and sustainability create partner of choice across the food and beverage packaging industry
Customer-centric, packaging solutions provider across substrates with a North American footprint and broad distribution capabilities
CHARLOTTE, N.C. and LAKE FOREST, Ill., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Novolex® and Pactiv Evergreen Inc. (NASDAQ:PTVE), announced today they have entered into a definitive agreement to combine, creating a leading manufacturer in food, beverage and specialty packaging products.
The combination brings together two highly complementary businesses that will offer a broad product platform, establishing one of the most diverse substrate offerings in the packaging industry. The asset base will include an extensive manufacturing footprint and an expansive distribution network, enhancing the combined company's ability to serve customers ranging from large, blue-chip brands to small businesses that serve millions of consumers every day.
Posted In: PTVE
