Pactiv

Pactiv Evergreen Completes Sale of its Carton Packaging and Filling Machinery Businesses in China, Korea and Taiwan

Retrieved on: 
Wednesday, August 3, 2022
GLOBE, Pactiv, Sale, Semen Indonesia Group, NASDAQ, Growth, Brickworks, Tea

LAKE FOREST, Ill., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (Pactiv Evergreen; NASDAQ: PTVE) today announced that its wholly-owned subsidiary, Evergreen Packaging International LLC, has completed the previously announced sale of its carton packaging and filling machinery businesses in China, Korea and Taiwan to SIG Group Ltd.

Key Points: 
  • LAKE FOREST, Ill., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (Pactiv Evergreen; NASDAQ: PTVE) today announced that its wholly-owned subsidiary, Evergreen Packaging International LLC, has completed the previously announced sale of its carton packaging and filling machinery businesses in China, Korea and Taiwan to SIG Group Ltd.
    With most of our assets being in North America, we provide an extensive offering of North American-manufactured products to our customers, said Michael King, Pactiv Evergreens Chief Executive Officer.
  • This transaction positions Pactiv Evergreen to further focus on our growth in North America where we are established as a leading manufacturer of fresh food and beverage packaging, servicing many of the worlds most beloved brands.

Pactiv Evergreen Launches New PlantCarton Life School Program at School Nutrition Conference

Retrieved on: 
Friday, July 8, 2022
Pactiv, Life, Drink, Student, GLOBE, Marketing, Company, Food, Restaurant, Milk, Equipment, SNA, School, NASDAQ, Program, Conference, Soft drink, Conveyor system

LAKE FOREST, Ill., July 08, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE), a leading manufacturer of school milk cartons in the U.S., today announced the new PlantCarton Life school program.

Key Points: 
  • LAKE FOREST, Ill., July 08, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE), a leading manufacturer of school milk cartons in the U.S., today announced the new PlantCarton Life school program.
  • This program supports Pactiv Evergreens school milk and juice customers by giving them an interactive, educational resource for their end consumers, school students.
  • Selected entries could be included on the PlantCarton Life website or made available to our carton customers for their side panels.
  • The program is being introduced at the School Nutrition Associations (SNA) 2022 Annual National Conference.To learn more, visit www.PlantCartonLife.com .

Pactiv Evergreen Names Jonathan Baksht as Chief Financial Officer

Retrieved on: 
Tuesday, May 31, 2022
Pactiv, Company, Moses Austin, Management consulting, Food, NASDAQ, SVKM's NMIMS, Science, Â, Restaurant, Latin honors, Northwestern University, University, Accenture, Master, Treasury, Master of Business Administration, Goldman Sachs, Business administration, Drink, Growth, Kellogg School, Electricity, GLOBE, Management

LAKE FOREST, Ill., May 31, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE)today announced that Jonathan Jon Bakshtjoined the company as Chief Financial Officer, effective May 27, 2022.

Key Points: 
  • LAKE FOREST, Ill., May 31, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen (NASDAQ: PTVE)today announced that Jonathan Jon Bakshtjoined the company as Chief Financial Officer, effective May 27, 2022.
  • Mr. Baksht joins Pactiv Evergreen after having most recently served as Executive Vice President and Chief Financial Officer ofValaris Limited (Valaris), the worlds largest global offshore drilling contractor.
  • Mr. Baksht succeeds Michael Ragen, Chief Financial Officer, whose last day at Pactiv Evergreen was also May 27, 2022.
  • Mr. Baksht has more than 20 years of strong anddiverse financial experience across multiple industries, including six years as Chief Financial Officer for Valaris.

iM Global Partner and Richard Bernstein Advisors launch new Responsible Global Allocation ETF

Retrieved on: 
Tuesday, February 1, 2022
CEO, Brysam Global Partners, View, CIO, ALPS, UBS, Pactiv, ETF, Responsibility, RIA, ESG, Morgan Stanley, RBA, Partner, IMGP World Heavyweight Championship, Merrill (company), YORK, Multimedia, SMA, Envestnet, Investment, Financial adviser, Security (finance), Ameriprise Financial

PARIS andNEW YORK, Feb. 1, 2022 /PRNewswire/ --iM Global Partner (iMGP) and Richard Bernstein Advisors (RBA), a renowned asset allocation specialist and among the largest ETF strategists in the US, announce today the launch of the iMGP RBA Responsible Global Asset Allocation ETF (ticker: IRBA).

Key Points: 
  • PARIS andNEW YORK, Feb. 1, 2022 /PRNewswire/ --iM Global Partner (iMGP) and Richard Bernstein Advisors (RBA), a renowned asset allocation specialist and among the largest ETF strategists in the US, announce today the launch of the iMGP RBA Responsible Global Asset Allocation ETF (ticker: IRBA).
  • This new ETF combines RBA's time-tested and dynamic approach to global asset allocation with utilizing state-of-the-art ESG or responsible ETFs.
  • "We are thrilled to launch this comprehensive ESG ETF solution that can serve as a foundation for clients' long-term responsible ESG global allocations."
  • The iMGP RBA Responsible Global Allocation ETF employs a macro-driven, top-down style to construct a globally responsible asset allocation portfolio.

Taurus Recapitalizes National Last Mile Logistics Portfolio

Retrieved on: 
Tuesday, January 18, 2022
Partnership, Pactiv, Growth, Head shot, CEO, GLOBE, Ownership, Artery, LLC, Transport, Investment, Bank, Overture

We have a coveted portfolio in several of the most sought-after markets, said Peter A. Merrigan, CEO of Taurus Investment Holdings.

Key Points: 
  • We have a coveted portfolio in several of the most sought-after markets, said Peter A. Merrigan, CEO of Taurus Investment Holdings.
  • Located in top performing infill submarkets, the Portfolio is comprised of high-quality assets with 109 tenants spread across 58 buildings and is currently 95% occupied.
  • The recapitalization offers a strong exit for our existing investors and further upside for the new partnership as last mile e-commerce continues to accelerate, said Lathan Allen, Managing Director at Taurus.
  • We continue to see demand outpace supply in many of these submarkets and remain focused on further growth of our logistics portfolio.

Pactiv Evergreen to Sell its Carton Packaging and Filling Machinery Businesses in China, Korea and Taiwan

Retrieved on: 
Wednesday, January 5, 2022
GLOBE, NASDAQ, Evergreen, Retail, Pactiv

LAKE FOREST, Ill., Jan. 05, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (Pactiv Evergreen; NASDAQ: PTVE) today announced that it has entered into a definitive agreement by its wholly-owned subsidiary, Evergreen Packaging International LLC (Evergreen Packaging), to sell its carton packaging and filling machinery businesses in China, Korea and Taiwan to SIG Schweizerische Industrie-Gesellschaft GmbH, a subsidiary of SIG Combibloc Group Ltd, for an enterprise value of approximately $335 million.

Key Points: 
  • LAKE FOREST, Ill., Jan. 05, 2022 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (Pactiv Evergreen; NASDAQ: PTVE) today announced that it has entered into a definitive agreement by its wholly-owned subsidiary, Evergreen Packaging International LLC (Evergreen Packaging), to sell its carton packaging and filling machinery businesses in China, Korea and Taiwan to SIG Schweizerische Industrie-Gesellschaft GmbH, a subsidiary of SIG Combibloc Group Ltd, for an enterprise value of approximately $335 million.
  • The transaction is subject to regulatory approvals and satisfaction of other customary closing conditions and is expected to close in the second or third quarter of 2022.
  • Todays announcement represents another strategic step in Pactiv Evergreens overall transformation, said Michael King, Pactiv Evergreen Chief Executive Officer.
  • The completion of this transaction will position Pactiv Evergreen to further our strategic focus in North America, where we are established as a leading manufacturer of fresh food and beverage packaging, servicing many of the worlds most beloved brands.

Evergreen Packaging International LLC, a Wholly-Owned Subsidiary of Pactiv Evergreen Inc., Reaches Agreement to Divest Ownership Interest in Beverage Packaging Co Ltd Joint Venture

Retrieved on: 
Wednesday, October 13, 2021
NASDAQ, White & Case, GLOBE, Growth, Pactiv, Evergreen, Elopak, Sale, Tea

LAKE FOREST, Ill., Oct. 12, 2021 (GLOBE NEWSWIRE) -- Evergreen Packaging International LLC (Evergreen Packaging), a wholly-owned subsidiary of Pactiv Evergreen Inc. (Pactiv Evergreen; NASDAQ: PTVE) today announced that it has entered into a definitive agreement for the sale of its 50 percent interest in Naturepak Beverage Packaging Co Ltd (Naturepak Beverage) to Elopak ASA, a leading global supplier of carton packaging and filling equipment.

Key Points: 
  • LAKE FOREST, Ill., Oct. 12, 2021 (GLOBE NEWSWIRE) -- Evergreen Packaging International LLC (Evergreen Packaging), a wholly-owned subsidiary of Pactiv Evergreen Inc. (Pactiv Evergreen; NASDAQ: PTVE) today announced that it has entered into a definitive agreement for the sale of its 50 percent interest in Naturepak Beverage Packaging Co Ltd (Naturepak Beverage) to Elopak ASA, a leading global supplier of carton packaging and filling equipment.
  • Naturepak Beverage, a joint venture formed by Evergreen Packaging and Gulf Industrial Group Company Plc, supplies customers in the Middle East and Africa region from manufacturing plants in Morocco and Saudi Arabia.
  • Pactiv Evergreen is pleased to announce this agreement with our valued partners at Elopak ASA, said Michael King, Pactiv Evergreen CEO.
  • White & Case acted as legal advisors and deNovo Corporate Advisors served as the exclusive financial advisor for Pactiv Evergreen Inc.

Pactiv Evergreen Appoints Douglas Owenby as Chief Operations Officer

Retrieved on: 
Monday, August 30, 2021
Industry, Company, Growth, Drink, Bombardier Recreational Products, GLOBE, Intelligence, Leadership, Knowledge, Nexteer Automotive, CFO, Saginaw Valley State University, NASDAQ, COE, Food, Mechanical, Pactiv, Restaurant, Food packaging, Operation, Management

LAKE FOREST, Ill., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) announced today that Douglas Doug Owenby will join Pactiv Evergreen as Chief Operations Officer, effective September 13.

Key Points: 
  • LAKE FOREST, Ill., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) announced today that Douglas Doug Owenby will join Pactiv Evergreen as Chief Operations Officer, effective September 13.
  • In this newly created, standalone role, Mr. Owenby will be responsible for all Pactiv Evergreen operating functions globally, assuming the operations leadership responsibilities that Mike Ragen, Pactiv Evergreens Chief Financial Officer (CFO), accepted in 2018.
  • Mr. Owenby joins Pactiv Evergreen from Graham Packaging where he has served as Chief Operations Officer since 2018.
  • The Operations CoE will support both the continued professional growth of the Pactiv Evergreen operations team while strategically structuring the company for continued improvement.

Spartech announces Jiang Li as Technology Manager, Innovation Center

Retrieved on: 
Thursday, August 19, 2021
Business, Triple accreditation, Plastic, Doctor of Philosophy, Chemistry, Technology management, MBA, Food, Solution, Vanderbilt University, Pactiv, Advanced composite materials (engineering), Washington University in St. Louis, Medical device

ST. LOUIS, August 19, 2021 /PRNewswire/ -- Spartech, a leading manufacturer of engineered thermoplastics and custom packaging solutions, announced today that Jiang Li has been promoted to Technology Manager for the Spartech Innovation Center.

Key Points: 
  • ST. LOUIS, August 19, 2021 /PRNewswire/ -- Spartech, a leading manufacturer of engineered thermoplastics and custom packaging solutions, announced today that Jiang Li has been promoted to Technology Manager for the Spartech Innovation Center.
  • "With Jiang Li heading up the innovation side of Spartech, we can continue to advance our plastic solutions to new levels," said John Vandeven, Spartech CIO and Vice President of Technology.
  • Jiang Li holds a PhD in chemistry from Vanderbilt University and an MBA from the Olin School of Business at Washington University in St. Louis.
  • Headquartered in St. Louis, Missouri with a unique innovation center and 14 manufacturing facilities located throughout the United States, Spartech is a leading plastics manufacturer of engineered thermoplastic materials and specialty packaging products.

Pactiv Evergreen to Exit Coated Groundwood Paper Business Following Years of Market Decline

Retrieved on: 
Wednesday, July 28, 2021
Pactiv, Companies, Pine Bluff, Arkansas, Lake Forest, Illinois

Pactiv Evergreen will exit the coated groundwood paper business in Q4-2021.

Key Points: 
  • Pactiv Evergreen will exit the coated groundwood paper business in Q4-2021.
  • As a result, Pactiv Evergreen will permanently cease production of coated groundwood paper at its Pine Bluff, AR location by October 31, 2021.
  • LAKE FOREST, Ill., July 28, 2021 (GLOBE NEWSWIRE) -- Pactiv Evergreen today announced that the Company has made the difficult decision to exit the coated groundwood paper business.
  • As a result, the Company will permanently cease production of coated groundwood paper at its Pine Bluff, AR location.