Pactiv Evergreen to acquire Novolex for $7.3 billion

Pactiv Evergreen announced it will acquire privately held Novolex Holdings for approximately $7.3 billion, paid with $4.85 billion in cash and about $2.45 billion in Pactiv stock. The Reynolds Group-backed deal would create a North American foodservice packaging leader with over $11 billion in combined revenue.

“Pactiv Evergreen Inc. announced Wednesday it will acquire privately held Novolex Holdings, LLC for approximately $7.3 billion”privatemarketsminute.com

• 1 source
• privatemarketsminute.comPactiv Evergreen to Acquire Novolex for $7.3 BillionMar 4, 2026

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