Pactiv Evergreen Inc. Completes Sale of Pine Bluff Paper Mill and Waynesville Extrusion Facility to Suzano S.A.
Pactiv Evergreen Inc. - Common stock (PTVE)
Company Research
Source: GlobeNewswire
LAKE FOREST, Ill., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ: PTVE) (“Pactiv Evergreen” or the “Company”) today announced it has completed its previously announced sale of the Pine Bluff, Arkansas, paper mill (“Pine Bluff”) and Waynesville, North Carolina, extrusion facility (“Waynesville”) to Suzano S.A. (“Suzano”). “The closing of this transaction marks an important milestone as we focus on our core North American converting operations,” said Michael King, President and Chief Executive Officer of Pactiv Evergreen. “I want to thank the employees at Pine Bluff and Waynesville for their years of dedication and commitment to Pactiv Evergreen and to our customers. In addition to facilitating our transition to a capital light business model, we expect the transaction to improve our profitability and cash flows and strengthen our balance sheet.” The sale proceeds are $110 million,1 subject to customary adjustments for closing amounts such as working capital. About
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- Pactiv Evergreen Inc (PTVE) Q3 2024 Earnings Call Highlights: Strategic Shifts and Financial ... [Yahoo! Finance]Yahoo! Finance
- Pactiv Evergreen Reports Third Quarter 2024 Financial ResultsGlobeNewswire
- Pactiv Evergreen Inc. Declares Quarterly DividendGlobeNewswire
PTVE
Earnings
- 11/12/24 - Miss
PTVE
Sec Filings
- 11/12/24 - Form 8-K
- 11/12/24 - Form 10-Q
- PTVE's page on the SEC website