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Pactiv Evergreen was created in 2020 through the initial public offering of Reynolds Group Holdings Limited (RGHL). [1] Both Pactiv and Evergreen Packaging were predecessor companies previously acquired to become part of Reynolds Group Holdings.
[1] [2] Reynolds Group Holdings became Pactiv Evergreen through an IPO in 2020. [3] Reynolds Metals became known for the consumer product Reynolds Wrap foil, as well as for developing and promoting new uses for aluminum. Its RV Aluminaut submarine was operated by Reynolds Submarine Services Corporation. [4]
The plant was sold to Evergreen Packaging, [citation needed] which in 2020 became Pactiv Evergreen. [13] [14] The Blue Ridge Southern Railroad served the plant and has a small railyard next to it. [citation needed] On March 6, 2023, Pactiv Evergreen announced the mill would close in the summer, affecting 1,100 workers. [15]
Also in 2022, SIG acquired the Asia business of US competitor Pactiv Evergreen [38] with its production facilities for fresh products, especially fresh milk in the People's Republic of China, Taiwan and South Korea. [39]
Pactiv Evergreen is largest employer in Haywood County, and operates a large paper mill in Canton and another facility in Waynesville. In March 2023, the company announced it would close the Canton mill by the end of June. [42]
The sale of the Pactiv Evergreen plant was delayed and the sewage treatment plant was having problems. [47] Flooding in Bethel and Clyde was described as the worst ever. [48] In Waynesville, the Frog Level and Hazelwood sections experienced the worst flooding ever from Richland Creek. Frog Level had more structural damage. [49]
Pactiv’s share price (NYSE:PTV) is included S&P 500 Index, see List of S&P 500 companies Pactiv Corporation. Comment: Pactiv does meet the requirements for an article under WP:N, but this article will need a complete rewrite to avoid looking like an advert. As it is written now, this article does not appear to be able to be saved.
In December 2006 he agreed to purchase International Paper's drinks packaging business Evergreen Packaging for NZ$725 million. In May 2007 he bought Swiss packaging company SIG for NZ$3.2 billion. The SIG division Combibloc is the second largest food and drink carton packaging company in the world after Swedish giant Tetra Laval.
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