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Item 8.01 Other Events.
On October 1, 2021, Pactiv Evergreen Inc. (the “Company”) announced that its wholly-owned subsidiary, Pactiv Evergreen Group Holdings Inc. has completed its acquisition of Fabri-Kal, a leading manufacturer of foodservice and consumer brand packaging solutions (the “Acquisition”).
Item 7.01 Regulation FD Disclosure.
On October 1, 2021, the Company issued a press release (the “Press Release”), announcing the closing of the Acquisition. A copy of the Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit Number |
Description | |
| 99.1 | Press Release issued by Pactiv Evergreen Inc., dated October 1, 2021 | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 1, 2021
| PACTIV EVERGREEN INC. | |||
| By: | /s/ Chandra Mitchell | ||
| Chandra Mitchell | |||
| Chief Legal Officer and Secretary | |||
Exhibit 99.1
DRAFT
Pactiv Evergreen Completes Acquisition of Fabri-Kal, a Leading Manufacturer of Foodservice and Consumer Brand Packaging Solutions
LAKE FOREST, Ill., October 1, 2021 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) announced that its wholly-owned subsidiary,
Pactiv Evergreen Group Holdings Inc. has completed its acquisition of Fabri-Kal, a leading manufacturer of foodservice and consumer brand
packaging solutions. Fabri-Kal’s products include portion cups, lids, clamshells, drink cups and yogurt containers for the consumer
packaged goods and industrial food markets. Approximately half of Fabri-Kal’s sales are generated from fully compostable packaging
products or fully recyclable packaging products.
“We are thrilled to welcome the Fabri-Kal team to Pactiv Evergreen,” said Michael King, Pactiv Evergreen CEO. “Fabri-Kal further expands and strengthens our position in the foodservice and consumer packaged goods businesses. Their four manufacturing facilities and distribution capabilities will complement and enhance Pactiv Evergreen’s existing position in the market place. This is a transformational time for our company as we build our foundation for future growth and deliver increased value for our employees, customers and shareholders.”
Contacts:
Investors:
Dhaval Patel
732.501.9657
dhaval.patel@pactivevergreen.com
Media:
Beth Kelly
412.303.4771
beth.kelly@pactivevergreen.com
About Pactiv Evergreen Inc. Pactiv Evergreen Inc. (NASDAQ: PTVE) is one of the largest manufacturers of fresh food and beverage packaging in North America. With a team of nearly 15,000 employees, the Company produces a broad range of on-trend and feature-rich products that protect, package and display food and beverages for today’s consumers. Its products, many of which are made with recycled, recyclable or renewable materials, are sold to a diversified mix of customers, including restaurants, foodservice distributors, retailers, food and beverage producers, packers and processors. Learn more at www.pactivevergreen.com.