At Pactiv, continuous innovation has secured our place as the worlds largest manufacturer and distributor of food packaging and foodservice products, supplying packers, processors, supermarkets, restaurants, institutions and foodservice outlets across North America. Since our founding in 1965 as Packaging Corporation of America, we have focused on producing and distributing the highest quality foodservice packaging products. Our product lines today include custom and stock foam, plastic, aluminum, pressed-paperboard, PE coated board, and molded-fiber packaging. We supply every major foodservice retailer and distributor in North America, including: McDonalds Wendys Burger King WalMart Kroger Tim Hortons Over the past few decades, we have undergone a series of strategic mergers and corporate realignments, all with an eye toward expanding our portfolio of products and customer base while securing our position as an industry leader. Indeed, we continuously seek to develop new ways to add value to our foodservice products and processes. In 1965, PCA was acquired by Tenneco Inc., a division of Fortune 500 company Tenneco. Steady growth over the next several years led to a spin-off of Pactiv Corporation in 1999, which began trading publicly later that year (NYSE: PTV). In 2010, Pactiv reverted to a privately held firm when it was acquired by Reynolds Group Holdings, a global manufacturer and supplier of consumer food and beverage packaging and storage products. (Read more about our growth in the History section.) From our world headquarters in Lake Forest, Illinois, we oversee global operations of more than 11,000 employees at more than 50 manufacturing plants, mixing centers and distribution centers.