Pactiv Corporation operates as a subsidiary unit of Tenneco Inc., in the region of Delaware. The company started operations in 1965. In 1995, the company rechristened itself as Tenneco Packaging Inc. Later, in 1999, they were declared as an independent company. In August 2010, Reynolds Packaging Group acquired Pactive Corporation. They even deal in adding foam products, cutlery, paper products, aluminum trays and even aluminum foils to various food products for packaging purposes. Their overall value lies in delivering a wide selection of products in most effective possible manner. The company's portfolio includes clear plastic, aluminum, molded fiber, pressware and even foam products.