Reynolds Consumer Products Inc. (REYN)

Reynolds Consumer Products Inc. is a Delaware-incorporated consumer products company that produces and sells products people use at home for cooking, serving, cleanup and storage. It sells under the Reynolds and Hefty brands as well as store brands that are strategically important to its retail partners. The company is present in 95% of U.S. households and holds the #1 or #2 U.S. market share position in the majority of the categories in which it participates, with over 50% of revenue coming from products that are #1 in their categories.

The company manages four reportable segments. Reynolds Cooking & Baking sells aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags and slow cooker liners under Reynolds Wrap, Reynolds Kitchens, EZ Foil, ALCAN (Canada) and Diamond brands. Hefty Waste & Storage produces branded and store brand trash bags and food storage bags, including compostable and recycled-material options. Hefty Tableware sells disposable and compostable plates, bowls, platters, containers, cups and cutlery, including the Hefty ECOSAVE Cutlery line launched in 2025. Presto Products primarily sells store brand food storage bags, trash bags and plastic wrap, and has a specialty business supplying Fresh-Lock and Slide-Rite resealable closure systems to other consumer products companies. By product line, 2025 net revenues of $3,721 million comprised cooking products ($1,259 million), waste products ($936 million), tableware products ($850 million) and storage products ($681 million).

Customers include grocery stores, mass merchants, warehouse clubs, discount chains, dollar stores, drug stores, home improvement stores, military outlets and eCommerce retailers. Three customers accounted for 31%, 17% and 11% of 2025 net revenue, and the first two are affiliated. North America represented 99% of 2025 sales and the United States 98%. Branded products are generally sold under informal trading policies, while store brand products are sold under one-year or multi-year agreements. A direct sales force organized by channel, supplemented by selected third-party brokers, serves customers, with dedicated support teams for top accounts. Products ship from manufacturing plants or from mixing centers that consolidate SKUs across categories. Sales are moderately seasonal, strongest in the fourth quarter and weakest in the first.

The company manufactures in U.S. and Canadian facilities and had approximately 6,000 employees at December 31, 2025, about 23% covered by collective bargaining agreements. Its main raw materials are polyethylene, polystyrene and aluminum, sourced from a diverse supplier base with generally one to two year contracts, and it buys some finished goods from third parties. Competitors include The Clorox Company, S.C. Johnson & Son, Poly-America, Handi-Foil, Republic Plastics, Trinidad Benham and Inteplast Group, with competition based on brand recognition, price, quality and innovation. The business is subject to food-contact, advertising, environmental, packaging (including extended producer responsibility) and data privacy regulations.