Producer of food packaging
1900 W. Field Ct.
Lake Forest, IL 60045
CEO: Richard Wambold
Stock Symbol: PTV
Pactiv Corporation is a leading producer
of specialty packaging products for the consumer and foodservice/food
packaging markets. Pactiv has one of the broadest product lines
in the specialty packaging industry, and derives more than 80
percent of its sales from market sectors in which it holds the
No. 1 or No. 2 market-share position.
The company is best known for its Hefty
brand which sells drawstring trash bags, disposable foam tableware,
food storage and freezer slider bags, and disposable cookware.
The company's Foodservice/Food Packaging
division serves the foodservice, supermarket, restaurant, and
food packaging markets. These products are sold through a wide
range of channels including wholesalers, supermarkets, take-out
food restaurants, caterers, and packer processors.
In 2007, Pactiv had sales of $3.25 billion
and net income of $245 million.
MEDICAL plan options include a PPO that
allows you to choose between varying levels of deductibles, out-of-pocket
maximums, and prescription drug coverage. In many areas, HMO
plans are available.
DENTAL options include a passive PPO option
and, in many areas, dental maintenance options (DMOs).
OTHER health and welfare benefits include:
- Short-Term Disability
- Long-Term Disability
- Flexible Spending Accounts (FSAs) for medical and dependent
- Basic & Supplemental Life Insurance
- Dependent Life Insurance
- AD&D Insurance
- Employee Assistance Plan
Retirement & Savings Plans
Pactiv offers a 401(k) plan with company match, a company-funded
pension plan, retiree medical benefits.
Life Beyond Work
Pactiv offers employees a variety of benefits designed to enrich
and assist their lives outside of work, including:
- Child/elder care referrals through EAP
- Vacation and Holidays
- Exercise Facility & Wellness Programs (at corporate headquarters)
Updated May 18, 2008