Pactiv sells non-consumer business

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Pactiv Corp., marketer of Hefty brand plastic food storage and trash bags, agreed to sell its institutional plastic bag and wrap business to Tyco Industries for an undisclosed amount. By reducing Pactiv's debt and non-consumer business, the deal could make Pactiv more attractive to potential acquirers in the packaged-goods industry.

Copyright January 2001, Crain Communications Inc.

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