Food packaging disposables producer Pactiv has announced the acquisition of the US-based manufacturer of absorbent products International Tray Pads & Packaging’s stock for an undisclosed amount.
Pactiv CEO and president John McGrath said the company’s acquisition of International Tray Pads further expands its product offering and value proposition in the supermarket and processor segments of its business.
"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," McGrath said.
Pactiv, which operates 55 manufacturing plants in seven countries, makes and sells products used in the foodservice, supermarket and food packaging markets.
The absorbent products from International Tray Pads & Packaging are used in fresh packed point of purchase meat, fish, poultry, and produce and can be found worldwide in such markets as the US, Eastern and Western Europe, the Middle East, Canada, Latin America, the Caribbean and Asia.