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Pactiv

Producer of food packaging products.

Headquarters:
1900 W. Field Ct.
Lake Forest, IL 60045
Employees: 13,000
CEO: Richard Wambold
Stock Symbol: PTV

Website: http://www.pactiv.com

Career Site

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.

Benefits

Health

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:

- Vision
- Short-Term Disability
- Long-Term Disability
- Flexible Spending Accounts (FSAs) for medical and dependent care

- 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