Pactiv Evergreen completed the acquisition of Fabri-Kal for $380m.

Pactiv Evergreen, a firm engaged in the business of manufacturing and distributing fresh food service and food merchandising products, completed the acquisition of Fabri-Kal, a manufacturer of foodservice and consumer brand packaging solutions, for $380m. “We are thrilled to welcome the Fabri-Kal team to Pactiv Evergreen. Fabri-Kal further expands and strengthens our position in the foodservice and consumer packaged goods businesses. Their four manufacturing facilities and distribution capabilities will complement and enhance Pactiv Evergreen’s existing position in the market place. This is a transformational time for our company as we build our foundation for future growth and deliver increased value for our employees, customers and shareholders," Mike King, Pactiv Evergreen CEO.