Takeout container/packaging and disposables maker Pactiv Corp. has agreed to acquire Prairie Packaging Inc., a maker of plastic cutlery, cups, straws and plates, in a $1 billion deal

April 13, 2007

1 Min Read

FM Staff

Takeout container/packaging and disposables maker Pactiv Corp. has agreed to acquire Prairie Packaging Inc., a maker of plastic cutlery, cups, straws and plates, in a $1 billion deal. Prairie, with annual sales of about $500 million, will augment Pactiv’s product offerings in both the consumer and commercial markets, the company says. Pactiv’s sales last year totaled $2.92 billion.

About the Author

Food Management Staff

Food Management is a media brand that features trends and best practices, products and solutions that connect deeply with the noncommercial foodservice professional. Four key onsite segments — College & University, K-12, Healthcare, and Business & Industry dining — are the focal points in our coverage. Our audience receives both the big picture information they need as well as segment specific knowledge to run their businesses better.

Food Management pillar features include Best Concepts, Top 50 Contract Management Companies and Innovators of the Year. Food Management is part of the Informa Restaurant & Food Group, which includes Nation’s Restaurant News, Restaurant Hospitality, Food Management and Supermarket News.