M&A Deal Summary

Pactiv Evergreen Acquires Fabri-Kal

On September 8, 2021, Pactiv Evergreen acquired packaging company Fabri-Kal for 380M USD

Acquisition Highlights
  • This is Pactiv Evergreen’s 1st transaction in the Packaging sector.
  • This is Pactiv Evergreen’s largest (disclosed) transaction.
  • This is Pactiv Evergreen’s 1st transaction in the United States.
  • This is Pactiv Evergreen’s 1st transaction in Michigan.

M&A Deal Summary

Date 2021-09-08
Target Fabri-Kal
Sector Packaging
Buyer(s) Pactiv Evergreen
Deal Type Add-on Acquisition
Deal Value 380M USD
Advisor(s) J.P. Morgan Securities (Financial)
Clark Hill (Legal)

Target

Fabri-Kal

Kalamazoo, Michigan, United States
Fabri-Kal is a manufacturer of foodservice and custom thermoformed plastic packaging solutions, with approximately 72% of its sales attributable to foodservice products. Fabri-Kal’s products include portion cups, lids, clamshells, drink cups and yogurt containers for the consumer packaged goods and industrial food markets. Fabri-Kal specializes in a variety of materials including renewable agricultural fiber. Fabri-Kal was founded in 1950 and is based in Kalamazoo, Michigan.

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Buyer(S) 1

Buyer

Pactiv Evergreen

Lake Forest, Illinois, United States

Category Company
Founded 1880
Sector Consumer Products
Employees15,000
Revenue 5.5B USD (2023)
DESCRIPTION

Pactiv Evergreen is a manufacturer and distributor of foodservice, food merchandising products, and fresh beverage cartons in North America. The company produces a broad range of on-trend and feature-rich products that protect packages, and display food and beverages for today’s consumers, who want to eat or drink fresh, prepared, or ready-to-eat food and drinks conveniently and with confidence. Its 13,000 products ranging from food containers, plates and bowls, hot and cold cups, lids, wraps, and cutlery to meat and poultry trays, egg cartons, and reclosable beverage cartons. Pactiv supplies products to a broad and diversified mix of companies, including full and quick service restaurants, foodservice distributors, supermarkets, retailers, food and beverage producers, food packers, and processors. Pactiv Evergreen was formed in 1880 and is based in Lake Forest, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1