---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-083268"
form_type: "8-K"
ticker: null
cik: "0001527508"
company_name: "Pactiv Evergreen Inc."
filed_at: "2024-07-12T23:59:59+00:00"
generated_at: "2026-05-31T21:08:37.650354+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Pactiv Evergreen signs $110M asset sale of Pine Bluff and Waynesville to Suzano, expects $320M-$340M impairment

## Summary
- Sale price of $110 million in cash for Pine Bluff paper mill and Waynesville extrusion facility to Suzano S.A., closing expected Q4 2024.
- Non-cash impairment charge of approximately $320 million to $340 million to be recorded in Q3 2024.
- Suzano will offer employment to current employees at both facilities; long-term supply agreement for liquid packaging board to Pactiv Evergreen.
- Restructuring total charges revised to $810M-$830M ($650M-$670M non-cash) as part of Beverage Merchandising Restructuring.
- Agreement approved by Board on July 12, 2024; concludes strategic alternatives review for these facilities.

## SEC filing metadata
- accession: 0000950170-24-083268
- form_type: 8-K
- cik: 0001527508
- company_name: Pactiv Evergreen Inc.
- filed_at: 2024-07-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.05, 2.06, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527508/000095017024083268/0000950170-24-083268-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527508/000095017024083268/ptve-20240712.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-083268
- JSON: https://secwatch.observer/filing/0000950170-24-083268.json
- Plain text: https://secwatch.observer/filing/0000950170-24-083268.txt

## Key facts
- Restructurings & Charges
  Pactiv Evergreen Inc. announced a impairment with charges of approximately $320 million to $340 million affecting Relevant Facilities (Pine Bluff, Arkansas mill and Waynesville, North Carolina extrusion facility).
  - Type: impairment
  - Charge: approximately $320 million to $340 million
  - Affected area: Relevant Facilities (Pine Bluff, Arkansas mill and Waynesville, North Carolina extrusion facility)
  source text: Based on the estimated cash proceeds the Company expects to receive in connection with the Transaction, the Company currently expects that it will record a non-cash impairment charge of approximately $320 million to $340 million in the third quarter of 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527508/000095017024083268/0000950170-24-083268-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.