# 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.

- Type: Acquisition
- Announced: 2026-03-04
- Value: $7.30B
- Status: announced
- Products: foodservice packaging, bags, films, flexible packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Reynolds Group Holdings](https://endata.com/companies/232.md) (investor)
- [Novolex](https://endata.com/companies/331.md) (target)
- [Pactiv Evergreen](https://endata.com/companies/5024.md) (acquirer)

## Sources

- [privatemarketsminute.com](https://privatemarketsminute.com/p/pactiv-evergreen-acquires-novolex-7-3-billion-deal), 2026-03-04: "Pactiv Evergreen Inc. announced Wednesday it will acquire privately held Novolex Holdings, LLC for approximately $7.3 billion"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.