Reynolds Consumer Products Inc.

Company overview

• Market-leading consumer products company operating in the United States with presence in 95% of U.S. households.
• Headquarters: Lake Forest, Illinois. Delaware corporation (incorporated Sept 26, 2011).
• Brand portfolio: Reynolds and Hefty (branded products) plus store-brand offerings for retail partners.
• Business model combines branded and store-brand products across multiple household categories.

Segments and product focus

Reynolds Consumer Products reports four business segments:

• Reynolds Cooking & Baking

  • Branded and store-brand aluminum foil, disposable foil pans, parchment and wax papers, and related products.
  • Reynolds Wrap is the #1 foil brand in the U.S.; ALCAN is #1 in Canada.

• Hefty Waste & Storage

  • Branded and store-brand trash bags and food storage bags, including Hefty Ultra Strong/Strong in the U.S. and private-label variants internationally.

• Hefty Tableware

  • Branded and store-brand disposable tableware and compostable products. Hefty party cups are the #1 party cup in the U.S.

• Presto Products

  • Primarily store-brand food storage bags, trash bags and plastic wrap. Includes a specialty unit that provides Fresh-Lock/Slide-Rite closures and a plant-based sandwich bag.

Primary product categories include aluminum foil, parchment paper, disposable bakeware, trash bags, food storage bags, and disposable tableware.

Financial snapshot (fiscal year ended 2025)

• Total net revenues: $3,721 million (2025); $3,695 million (2024); $3,756 million (2023).

Revenue by product line (2025):

• Cooking products: $1,259 million
• Waste products: $936 million
• Tableware products: $850 million
• Storage products: $681 million
• Unallocated: -$5 million
• Total net revenues: $3,721 million

Revenue concentration and customers

• Top ten customers accounted for 74% of total revenue in 2025.
• Three customers each accounted for more than 10% of net revenue in 2025:
  • Customer A: 31% (affiliated with Customer B)
  • Customer B: 17% (affiliated with Customer A)
  • Customer C: 11%
• Sales concentration by segment:
  • Customer A: concentrated in Hefty Waste & Storage
  • Customer B: concentrated in Hefty Tableware
  • Customer C: across Reynolds Cooking & Baking, Hefty Tableware, and Presto Products

Geographic distribution

• 99% of total sales in North America.
• 98% of total sales in the United States.

Employees and facilities

• Approximately 6,000 employees as of December 31, 2025.
• Approximately 23% of employees covered by collective bargaining agreements.
• Facilities:
  • 29 manufacturing and warehouse facilities across 12 U.S. states.
  • 1 manufacturing facility and 1 warehouse in Canada.
  • The majority of facilities are company-owned.

Market position and brand strength

• Reynolds and Hefty hold #1 or #2 market share in most of their categories.
• High brand recognition: Reynolds brand awareness ~98%; Hefty has strong awareness.
• The mix of branded and store-brand products supports relationships with major retailers and enables category management and cross-selling across aisles.

Governance and ownership

• Packaging Finance Limited (PFL) holds a majority stake (about 74%) and controls board nominations and major corporate actions.
• The company is a “controlled company” under Nasdaq rules and has certain governance exemptions.
• The company uses related-party arrangements with PFL and Rank Group Limited (Rank) for certain services and collaborations; related-party transactions create potential conflicts of interest.
• Dividends are subject to board discretion and applicable debt covenants.
• Debt facilities include a senior secured term loan maturing in 2032 and a revolving facility maturing in 2029.