Pactiv Evergreen
Pactiv Evergreen manufactures food and beverage packaging including cups, containers, cartons, trays, films, and filling equipment for foodservice operators, supermarket chains, and food processors across North America, operating six core brands under the Novolex/Apollo umbrella following its 2025 take-private.
- Company typePrivate
- Founded2020
- HeadquartersLake Forest, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Pactiv Evergreen does
Pactiv Evergreen is a North American food and beverage packaging manufacturer formed in 2020 through the combination of Pactiv and Evergreen Packaging. The company produces a broad portfolio of cups, lids, containers, trays, tableware, films, foils, egg cartons, bakery packaging, and gable-top beverage cartons across fiber, plastic (PET, PP, PE, PS, OPS, HIPS), aluminum, and bio-based materials. It organizes its offering around six brands: EarthChoice, Greenware, Newspring, PlantCarton, Recycleware, and Reynolon, with proprietary technologies including TRU-TASTE barrier board and APR-recognized RDPP reduced-density polypropylene meat trays. Pactiv Evergreen also manufactures filling equipment installed at over 1,300 locations worldwide, creating a recurring carton-and-consumables revenue stream from dairy, juice, and food processing co-packers.
The company sells primarily through direct enterprise relationships to foodservice operators, supermarket chains, and food/beverage processors across the US, Canada, and Mexico, supplemented by a private label business for retailers. Pricing is quote-based with volume tiers and multi-year contracts, and custom printed products carry 8-10 week lead times. Five US converting facilities and an equipment manufacturing facility in Cedar Rapids, Iowa provide vertically integrated production. Manufacturing certifications include SQF food safety, FSC and SFI forestry standards, BPI commercial compostability, and APR recyclability recognition.
In April 2025, Pactiv Evergreen was acquired by Novolex, a portfolio company of Apollo Global Management, in a $6.7 billion all-cash transaction that took the company private and delisted it from Nasdaq. The combined Novolex/Pactiv Evergreen entity spans more than 250 brands in fiber and plastic packaging across North America. Prior to the acquisition, Pactiv Evergreen divested non-core assets including the $110 million sale of two facilities (including the Pine Bluff paperboard mill) to Suzano in October 2024, and closed its Canton, North Carolina paper mill in May 2023.
Pactiv Evergreen firmographics
Firmographics- Name
- Pactiv Evergreen
- Legal name
- Pactiv Evergreen Inc.
- Website
- https://pactivevergreen.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Pactiv Evergreen manufactures food and beverage packaging including cups, containers, cartons, trays, films, and filling equipment for foodservice operators, supermarket chains, and food processors across North America, operating six core brands under the Novolex/Apollo umbrella following its 2025 take-private.
- Ownership category
- akta.pro rank
Pactiv Evergreen industry classification
Industry- Product category
- Food and Beverage Packaging
- NAICS
- Other Paperboard Container Manufacturing (322219)
- SIC
- Papers & Allied Products (2600), Paperboard Containers & Boxes (2650)
- akta.pro primary industry
- Foodservice Disposables (cups, plates, bowls, trays, clamshells) (IMAMAHAI)
- akta.pro secondary industries
- Foodservice/To-Go Packaging (Cups, Clamshells, Cutlery) (IMALAHAM), Non-Alcoholic Beverage Co-Packing (Soft Drinks, Juice, RTD) (AFAFAIAB)
Keywords
Where Pactiv Evergreen is headquartered
LocationHeadquarters
- HQ city
- Lake Forest
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Pactiv Evergreen business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Foodservice Packaging Products: Direct sales of disposable food service packaging including cups, lids, containers, trays, tableware, and cutlery to restaurants, institutions, and foodservice operators.
- Retail Packaging: Supply of supermarket packaging including meat trays, produce packaging, bakery containers, and deli containers to grocery retail chains.
- PlantCarton Beverage Cartons: Gable top aseptic cartons and filling equipment for fresh refrigerated beverages including dairy, juice, and plant-based products. Includes equipment sales, service contracts, and carton supplies.
- Food & Beverage Processor Packaging: Packaging solutions for food and beverage manufacturers including meat trays, egg cartons, berry baskets, and filling equipment.
- Private Label Products: Manufacturing of private label packaging products for retailers including cups, lids, plates, bowls, containers, and film wrap.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Made to Order (MTO) Print Products |
| Other | Multi-year contract | Direct Account Pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Pactiv Evergreen product offering
Product offeringCore offering
Pactiv Evergreen manufactures and sells fresh food and beverage packaging products including beverage cartons, cups, lids, containers, trays, tableware, films, and aluminum catering supplies under six core brands (EarthChoice, Greenware, Newspring, PlantCarton, Recycleware, Reynolon). The company also designs, manufactures, and services filling equipment for dairy, juice, and beverage processors, with over 1,300 machine installations worldwide. Products are sold through direct sales relationships with foodservice operators, supermarket chains, food/beverage manufacturers, and private label customers across North America.
Product overview
Pactiv Evergreen is a manufacturer of food and beverage packaging products operating under the Novolex parent company following its $6.7 billion acquisition completed in April 2025. The company offers a diversified portfolio organized around six core brands: EarthChoice (sustainability-focused containers, drinkware, and tabletop), Greenware (BPI-certified compostable cups and containers from plant-based PLA), Newspring (premium injection-molded polypropylene containers), PlantCarton (gable-top cartons with 70% paper content from FSC-certified sources), Recycleware (post-consumer recycled content packaging including APR-recognized RDPP trays), and Reynolon (shrink films and meat/produce films). Beyond branded products, Pactiv Evergreen provides broad product categories including beverage cartons, food containers, drinkware, trays, film and foil, catering supplies, bakery packaging, egg packaging, produce packaging, tableware, and bags. The company also manufactures and services filling equipment (ECO-Pak, Half Gallon, Quart/Liter models) installed at over 1,300 locations globally. Recent innovation includes the SmartPour pourable container system launched in 2024. Manufacturing is predominantly USA-based with five U.S. converting facilities and an equipment manufacturing facility in Cedar Rapids, Iowa.
Differentiator
Problem solved
Functional benefit
Brands
- EarthChoice: Sustainable packaging product line offering options that address specific sustainability needs with benefits including Reduce, Reuse, Recycle, or Renew.
- Greenware
- Newspring
- PlantCarton
- Recycleware
- Reynolon
- SmartPour
Products and services
- EarthChoice Sustainability-focused packaging brand offering containers, drinkware, and tabletop products with at least one environmental benefit: Reduce, Reuse, Recycle, or Renew. Includes products made from post-consumer recycled materials, renewable resources, or designed for recyclability, sold to foodservice operators, retailers, and distributors.
- Greenware
Quantifiable outcome
- Over 100 new product introductions in 2022 with $33 million R&D investment (50% increase year-over-year)
- +2 more outcomes
Companies that use Pactiv Evergreen
Customer profileSegments6 records
Ideal customer profiles5 records
Pactiv Evergreen technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Pactiv Evergreen partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- SuzanominorSuzano acquired the Pine Bluff paperboard mill from Pactiv Evergreen in October 2024 for $110 million. Suzano invested $62 million to modernize the facility, improving safety, maintenance, and operational efficiency while restoring profitability and increasing market share in liquid packaging board.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Pactiv Evergreen competitors and assessment
Company assessmentDirect peers
- Huhtamäki: Global foodservice and consumer goods packaging manufacturer with significant North American operations in cups, plates, containers, and folding cartons; directly comparable to Pactiv Evergreen in molded fiber, paperboard, and plastic foodservice packaging.
- Graphic Packaging Holding Company: Vertically integrated paperboard packaging producer supplying folding cartons, cups, and foodservice paper-based packaging; closest direct peer to Pactiv Evergreen's PlantCarton gable-top and paperboard container business.
- Anchor Packaging: Private US manufacturer specializing in plastic foodservice containers, clamshells, and microwaveable packaging for supermarket deli, bakery, and processor customers; directly comparable niche competitor in Pactiv Evergreen's supermarket/processor segments.
- Berry Global Group: Major global manufacturer of plastic packaging including foodservice containers, drinkware, films, and rigid packaging for grocery, foodservice, and processor customers; the most direct publicly traded comparable to Pactiv Evergreen's plastic packaging portfolio.
- Dart Container Corporation: Private US manufacturer best known for foam and plastic cups, hinged containers, and foodservice disposables, directly competing with Pactiv Evergreen in the foodservice disposables segment and overlapping heavily in foodservice and processor customers.
- Reynolds Consumer Products: Consumer-focused foodservice and storage packaging company (Hefty, Reynolds Wrap brands) with overlapping product categories in tableware, food bags, and foil; directly comparable to Pactiv's consumer-facing Reynolon and tableware lines.
Broad incumbents
- Novolex: Now the parent of Pactiv Evergreen following the $6.7B 2025 acquisition, Novolex is the largest direct competitor-turned-sibling, operating 250+ brands across paper and plastic foodservice and specialty packaging across North America.
- Sonoco Products Company: Diversified global packaging manufacturer with foodservice, rigid paper, and protective packaging segments; competes with Pactiv Evergreen in foodservice disposables, processor trays, and consumer paper-based packaging.
- Sealed Air Corporation: Major protective and food packaging manufacturer with overlapping presence in films, trays, and protein packaging; competes with Pactiv Evergreen's Reynolon film and Recycleware/RDPP tray lines for processor and retail accounts.
Emerging players
- WinCup Holdings: Manufacturer of disposable cups, foodservice containers, and straws (including the phade brand of PHA-based compostable products), an emerging sustainable foodservice player competing directly with Pactiv Evergreen's Greenware and EarthChoice lines.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Pactiv Evergreen social profiles
Digital presencePactiv Evergreen compliance and trust
Trust signalCompliance5 records
Pactiv Evergreen financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pactiv Evergreen leadership team
Management profileNumber of profiles
Profiles2 records
Pactiv Evergreen subsidiaries and ownership
Company hierarchySubsidiaries2 records
Pactiv Evergreen funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pactiv Evergreen M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pactiv Evergreen
What does Pactiv Evergreen do?
Pactiv Evergreen manufactures and sells fresh food and beverage packaging products including beverage cartons, cups, lids, containers, trays, tableware, films, and aluminum catering supplies under six core brands (EarthChoice, Greenware, Newspring, PlantCarton, Recycleware, Reynolon). The company also designs, manufactures, and services filling equipment for dairy, juice, and beverage processors, with over 1,300 machine installations worldwide. Products are sold through direct sales relationships with foodservice operators, supermarket chains, food/beverage manufacturers, and private label customers across North America.
Is Pactiv Evergreen a public or private company?
Pactiv Evergreen is a private company. It is classified as private equity controlled and is currently operating.
When was Pactiv Evergreen founded?
Pactiv Evergreen was founded in 2020. It employs 5,001 to 10,000 people.
Where is Pactiv Evergreen based?
Pactiv Evergreen is headquartered in Lake Forest, United States, in the North America region.
How does Pactiv Evergreen make money?
Five revenue lines are on record. Foodservice Packaging Products are the primary driver. The others are retail Packaging, plantCarton Beverage Cartons, food & Beverage Processor Packaging and private Label Products.
Who are Pactiv Evergreen's main competitors?
Direct peers on record are Huhtamäki, Graphic Packaging Holding Company, Anchor Packaging, Berry Global Group, Dart Container Corporation and Reynolds Consumer Products. Broad incumbents are Novolex, Sonoco Products Company and Sealed Air Corporation. WinCup Holdings is listed as an emerging player.
Does Pactiv Evergreen have an API?
No public API is recorded for Pactiv Evergreen.
What industry is Pactiv Evergreen in?
Pactiv Evergreen's product category is Food and Beverage Packaging. Its primary akta.pro industry code is IMAMAHAI, Foodservice Disposables (cups, plates, bowls, trays, clamshells), with a secondary code of IMALAHAM, Foodservice/To-Go Packaging (Cups, Clamshells, Cutlery). Its NAICS code is 322219 and its SIC code is 2600.