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February 08, 2016 12:06 PM ET

Containers and Packaging

Company Overview of Pactiv LLC

Company Overview

Pactiv LLC manufactures and distributes food packaging and foodservice products. The company offers containers; cutlery, plates, platters, and bowls; hot beverage cups, cold beverage cups, lids, straws, and beverage carriers; plastic wraps and aluminum foils; and school, carry, processor, and meat and poultry trays. Its products are used in beverage, take-out, deli, HMR, bakery, food preparation, and processor packaging applications, as well as in sustainable, tableware, and catering products applications. The company also provides custom printing and embossing, and new product development services. It serves foodservice, food processing, supermarket, and convenience store markets in North A...

1900 West Field Court

Lake Forest, IL 60045

United States

Founded in 1959

12,000 Employees





Key Executives for Pactiv LLC

Chief Executive Officer, President and Chief Executive Officer of Foodservice/Food Packaging Unit
Age: 56
Chief Financial Officer and Senior Vice President
Age: 63
Director, Chief Executive Officer of Reynolds Group Holdings Limited and Director of Reynolds Group Holdings Limited
Age: 67
Vice President, Secretary and General Counsel
Age: 55
Senior Vice President and General Manager of Hefty Consumer Products
Age: 65
Compensation as of Fiscal Year 2015.

Pactiv LLC Key Developments

Pactiv Reports Operating Results for the First Quarter of 2015

Pactiv reported operating results for the first quarter of 2015. For the quarter, Pactiv's revenue increased by 1% to $940 million. This increase was primarily driven by incremental sales volume across all product categories, favorable product mix and pricing and additional sales volume arising from Reynolds Consumer Products' small business acquisition in mid-2015 -- 2014. This was partially offset by lower revenue due to the sale of the buildings products business and unfavorable foreign currency impact. Adjusted EBITDA was decreased by 21% to $98 million. The decline can be fully attributed to higher raw material costs as a result of $44 million of realized losses on commodity hedges.

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