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Novolex and Pactiv Evergreen are merging in a $6.7 billion deal to create a leading food, beverage, and specialty packaging company.
Novolex and Pactiv Evergreen are merging in a $6.7 billion deal to create a leading food, beverage, and specialty packaging company. The combined entity will offer diverse products, enhance innovation, and focus on sustainable packaging solutions. Supported by Apollo Funds and CPP Investments, the merger is set to close by mid-2025, pending regulatory approvals.