Pactiv
Encyclopedia
Pactiv Corporation has two operating segments:
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. Reynolds Packaging Group announced its acquisition of Pactiv in August 2010.
- 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. HeftyHeftyHefty is a brand name of trash bags, trash cans, foam disposable tableware, children’s disposable tableware, slider closure food storage and freezer bags, and disposable cookware. Hefty is a registered trademark of Pactiv Corporation...
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.
History
Pactiv was incorporated in the state of Delaware in 1965 under the name of Packaging Corporation of America, operating as a subsidiary of TennecoTenneco
Tenneco is a $6.2 billion Fortune 500 company that has been publicly traded on the NYSE since November 5, 1999 under the symbol TEN...
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. Reynolds Packaging Group announced its acquisition of Pactiv in August 2010.