Pactiv
From Wikipedia, the free encyclopedia
| Pactiv | |
|---|---|
 |
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| Type | Public (NYSE: PTV) |
| Founded | November 1999 |
| Headquarters | Lake Forest, Illinois |
| Key people | Richard L. Wambold (CEO) |
| Industry | Consumer Packaged Goods, Packaging Solutions |
| 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 | $3.3 Billion US Dollars (2007) |
| Operating income | $424 Million US Dollars (2006) |
| Net income | $274 Million US Dollars (2006) |
| Employees | 11,000 |
| Website | www.pactiv.com |
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.
[edit] 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. In November 1995, the name was changed to Tenneco Packaging Inc. In November 1999, the corporation was spun-off as an independent company, and named 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.
