Pactiv Completes PWP Acquisition

Pactiv Corp., Lake Forest, Ill., USA, this past week completed purchasing the stock of PWP Industries, Vernon, Calif. PWP's 2009 sales were approximately $140 million. The purchase price of the acquisition is $200 million. PWP primarily manufactures a range of foodservice containers for several channels, including packer processor bakeries, supermarkets, and quick service restaurants. It operates three manufacturing facilities in the U.S. and employs some 600 people.

TAPPI
http://www.tappi.org/