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Pactiv (NYSE: PTV), formerly Tenneco Packaging, is a leading provider of advanced packaging solutions to customers around the world. Pactiv’s new status as an independent entity - it spun off from Tenneco, Inc. Nov. 4, 1999 - will allow the company to focus its energies and resources on growth and development as a specialty packaging company. Pactiv is headquartered in Lake Forest, Ill., and has broad geographic coverage and a worldwide reach. The company currently operates 87 facilities in 20 countries around the world
Pactiv has a unique combination of size, innovative new products and commitment to customer service and is supported by strong, well-known brands, sound relationships with some of the largest end-users, distributors and suppliers in the world, and a low-cost manufacturing/delivery infrastructure. We manufacture, market and sell plastic and paper-based consumer products and food/foodservice packaging as well as protective and flexible packaging. Approximately 80% of our revenue comes from products made from different types of plastics, with the balance from paper and aluminum products. We further fuel our internal growth by developing and commercializing proprietary new products and by designing value-added product-line extensions. In 1998, our consumer products and food/foodservice packaging business introduced over 80 new products and product-line extensions. In our protective and flexible packaging business, where custom design services drive revenues, we developed over 500 custom product applications in 1998. We believe our new product innovation and design services will remain a key factor in driving future internal growth. For more information, please visit our website at www.pactiv.com
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