16 Jul 2024 --- Pactiv Evergreen has signed a definitive agreement to sell two of its mills to global paper and pulp producer Suzano for US$110 million in cash, subject to customary adjustments for closing amounts such as working capital. The sale includes the Pine Bluff paper mill in Arkansas and the Waynesville extrusion facility in North Carolina. Pine Bluff produces liquid packaging board and cupstock used to make fresh beverage cartons, paper cups and other fiber-based F&B packaging. Waynesville provides incremental extrusion capacity for the board produced at Pine Bluff.
