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Pactiv Evergreen To Divest 50% Interest In Naturepak Beverage JV

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Pactiv Evergreen To Divest 50% Interest In Naturepak Beverage JV
  • Pactiv Evergreen Inc's (NASDAQ: PTVE) wholly-owned subsidiary, Evergreen Packaging International LLC, has agreed to sell its 50% interest in Naturepak Beverage Packaging Co Ltd to Elopak ASA, a global supplier of carton packaging and filling equipment. The financial terms of the deal remain undisclosed.
  • Naturepak Beverage is a joint venture by Evergreen Packaging and Gulf Industrial Group Company Plc.
  • Naturepak Beverage caters to customers in the Middle East and Africa region from manufacturing plants in Morocco and Saudi Arabia.
  • Price Action: PTVE shares closed lower by 0.08% at $12.44 on Tuesday.
 

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