LAKE FOREST, Ill.--(BUSINESS WIRE)--Pactiv LLC today announced the purchase of the stock of International Tray Pads & Packaging, Inc. (http://www.traypads.com). International Tray Pads is based in Aberdeen, North Carolina and manufacturers a line of absorbent products used in fresh packed point of purchase meat, fish, poultry, and produce. The absorbent products produced by International Tray Pads can be found worldwide in such markets as the United States, Eastern and Western Europe, the Middle East, Canada, Latin America, the Caribbean, and Asia.
“Our acquisition of International Tray Pads further expands our product offering and value proposition in the Supermarket and Processor segments of our business,” said Pactiv CEO and President, John McGrath. “Offering product solutions that combine multiple materials continues to be an area of high focus for Pactiv as it provides our customers with new packaging options.”
Pactiv is the world’s largest producer of food packaging disposables and food packaging operating 55 manufacturing plants in seven countries. With over 12,000 employees, Pactiv makes and sells products used in the foodservice, supermarket, and food packaging markets.