Thursday, August 4, 2022 2:15 pm
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LAKE FOREST, Ill. (News release) -- Pactiv Evergreen Inc. 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 Evergreen's 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 world's most beloved brands."