Pactiv Evergreen Inc.
pactivevergreen.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2024 10-K, filed Feb 25, 2025. Its latest SEC filing is a 15-12G from Apr 11, 2025.
10-K for FY2024, filed Feb 25, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Makes foodservice packaging, fresh beverage cartons and food-display containers for restaurants, foodservice distributors, retailers, and food and beverage producers.
10-K for FY2024, filed Feb 25, 2025GeneralView ↗
Foodservice. Our Foodservice segment manufactures a broad range of products that enable consumers to eat and drink where they want and when…View ↗
Food and Beverage Merchandising. Our Food and Beverage Merchandising segment manufactures products that protect and attractively display…View ↗
How Did They Make Money?
Sells packaging products; most sales count when products ship, while sales of customer-specific products that cannot be reused count as they are made.
10-K for FY2024, filed Feb 25, 2025
$5.1B
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10-K for FY2024, filed Feb 25, 2025
$5.1B ↗
Who Were Their Customers?
Customer relationships span businesses of different sizes, from large multinational companies to small local companies.
10-K for FY2024, filed Feb 25, 2025We supply our products to a broad and diversified mix of companies, including FSRs, QSRs, foodservice distributors, supermarkets, grocery…View ↗
10-K for FY2024, filed Feb 25, 2025
Accounts receivable are stated net of allowances for credit losses and primarily include trade receivables. In 2024 and 2023, one customer…View ↗
Did Revenues Turn Into Profits?
No. It lost $136M in FY2024.
10-K for FY2024, filed Feb 25, 2025
How Were They Changing?
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Apr 1, 2025
Novolex's acquisition of Pactiv Evergreen closed
Pactiv Evergreen repaid and terminated its existing credit agreement at closing.
Sources
8-K, filed Apr 1, 2025
Concurrently with the closing of the Merger, (i) the Company repaid all outstanding indebtedness under the Fourth Amended and Restated…View ↗
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Mar 28, 2025
Merger received all required regulatory approvals
Closing was then expected April 1, subject to customary conditions.
Sources
8-K, filed Mar 28, 2025
As a result, the transaction is now expected to close on April 1, 2025, subject to satisfaction of other customary closing conditions. Upon…View ↗
Grew. Revenue grew 10% in 4 years, from $4.7B in FY2020 to $5.1B in FY2024, about 2% a year.
Merchandising segments combined
The latest report presents food and beverage merchandising together, after combining the former Food Merchandising and Beverage Merchandising segments and moving some product lines from Foodservice; the older report described these merchandising lines separately.
10-K for FY2021, filed Feb 24, 2022We manufacture and sell products through the following three reportable segments:View ↗
Food Merchandising. Our Food Merchandising segment manufactures products that protect and attractively display food while preserving…View ↗
Beverage Merchandising. Our Beverage Merchandising segment manufactures cartons for fresh refrigerated beverage products, primarily…View ↗
Board and paper operations reduced
The older report described liquid packaging board sales to other carton makers and paper products for converters; the latest says the Pine Bluff facilities were sold and a long-term supply agreement with Suzano began.
10-K for FY2021, filed Feb 24, 2022 10-K for FY2024, filed Feb 25, 2025Beverage Merchandising. Our Beverage Merchandising segment manufactures cartons for fresh refrigerated beverage products, primarily…View ↗
The Pine Bluff Transaction closed on October 1, 2024. We received proceeds of $83 million, inclusive of the $10 million exclusivity payment…View ↗
Who Did They Compete With?
Competes with Dart Container, Huhtamäki, Berry Global Group, Genpak, Sonoco, Paper Excellence Group, Stora Enso, Tekni-Plex, Sealed Air, Silgan Holdings, SIG Combibloc, and Elopak
10-K for FY2021, filed Feb 24, 2022The markets in which we sell our products historically have been, and continue to be, highly competitive. Areas of competition include…View ↗
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