Reported 1 day ago
Apollo Global Management Inc.'s packaging subsidiary Novolex is evaluating the possibility of acquiring Pactiv Evergreen Inc., as revealed by sources close to the situation. No final decision has been reached yet, but the stock value of Pactiv Evergreen surged on the news. This potential move aligns with a trend of consolidation in the fragmented packaging industry, aimed at enhancing profitability and market presence.
Source: YAHOO