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Novolex to acquire Pactiv Evergreen in $6.7B packaging deal
Novolex agreed to acquire Pactiv Evergreen for $18 per share in cash, a deal valued at about $6.7 billion, creating a larger North American packaging company. Apollo Funds and CPP Investment Board will contribute about $1 billion, and closing is expected in mid-2025.
Productsfiber packagingplastic packagingfood and beverage packaging
“The acquisition provides Pactiv Evergreen shareholders with $18 per share in cash.”petrochemsupplychain.com
- 4 sources
- petrochemsupplychain.com$6.7 Billion Deal: Novolex Acquires Pactiv Evergreen to Create a New Packaging Industry GiantFeb 19, 2025
- packagingdive.comNovolex completes $6.7B acquisition of Pactiv Evergreen | Packaging DiveApr 1, 2025
- prnewswire.comNovolex and Pactiv Evergreen Inc. Complete Combination, Creating a Leading Manufacturer in Food, Beverage and Specialty PackagingApr 1, 2025
- packagingstrategies.comAcquisitions - Articles - Page 2 | Packaging StrategiesOct 17, 2025
Summarized from public sources; check the original articles before acting on it.
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