2014 Press Releases

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12/16/14Sealed Air Unveils Redesigned Website and Latest Sustainability Report
CHARLOTTE, N.C.--(BUSINESS WIRE)--Dec. 16, 2014-- Sealed Air Corporation (NYSE: SEE) announced the launch of its new website, SealedAir.com, and the Company’s latest sustainability report. The website launched yesterday for the U.S. market in English and will be rolled out globally over the course of the first half of 2015. Once the full site rollout is complete, the new SealedAir.com will be localized to the language and product offerings of eac... 
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12/09/14Sealed Air Announces Completion of Tender Offer for 8.125% Senior Notes Due 2019
CHARLOTTE, N.C.--(BUSINESS WIRE)--Dec. 9, 2014-- Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSE:SEE) today announced that the final tender period for the previously announced offer to purchase its outstanding 8.125% Senior Notes due 2019 (the “2019 Notes”), expired at 11:59 p.m., New York City time, on December 8, 2014 (the “Expiration Time”). At the Expiration Time, $602,855,000 principal amount of 2019 Notes, or 80.4% of th... 
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12/01/14Sealed Air Announces Expiration of Consent Solicitation with Respect to 8.375% Senior Notes Due 2021
CHARLOTTE, N.C.--(BUSINESS WIRE)--Dec. 1, 2014-- Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSE: SEE) today announced that the previously announced consent solicitation (the “Solicitation”) with respect to its 8.375% senior notes due 2021 (the “2021 Notes”) expired at 5:00 p.m., Eastern time, on Friday, November 28, 2014 (the “Expiration”). The Company announced that it does not intend to extend the expiration date. In respon... 
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11/24/14Sealed Air Announces Results and Settlement of Early Tender for 8.125% Senior Notes Due 2019
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Nov. 24, 2014-- Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSE:SEE) today announced that, in connection with the previously announced cash tender offer and consent solicitation by the Company to purchase for cash any and all of its 8.125% senior notes due 2019 (the “2019 Notes”), the early tender period in respect of the tender offer expired at 5:00 p.m., New York City time, on November 21, 2014 (the “Co... 
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11/24/14Sealed Air Announces Closing of Offering of Senior Notes
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Nov. 24, 2014-- Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSE:SEE) today announced the closing of the previously announced offering of $425 million aggregate principal amount of 4.875% senior notes due 2022 (the “2022 Notes”) and $425 million aggregate principal amount of 5.125% senior notes due 2024 (together with the 2022 Notes, the “Notes”). The Notes were sold to investors at 100.0% of their aggrega... 
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11/24/14Sealed Air Announces Extension of Consent Solicitation with Respect to 8.375% Senior Notes Due 2021
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Nov. 24, 2014-- Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSE:SEE) today announced that it has extended until 5:00 p.m., New York City time, on November 28, 2014 (such date and time, the “New Expiration Date”), its previously announced solicitation of consents (“Consent Solicitation”) from holders of its 8.375% senior notes due 2021 (the “Notes”) to the proposed amendments to the related indenture. Cons... 
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11/10/14Sealed Air Announces Upcoming Event with the Financial Community
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Nov. 10, 2014-- Sealed Air Corporation (NYSE:SEE) today announced that it will participate in the following events with the financial community during the months of November and December 2014: Baird 2014 Industrial Conference November 11, 2014 ... 
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11/07/14Sealed Air Announces Pricing of Senior Notes
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Nov. 7, 2014-- Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSE:SEE) today announced the pricing of its offering of $425 million aggregate principal amount of 4.875% senior unsecured notes due 2022 (the “2022 Notes”) and $425 million aggregate principal amount of 5.125% senior unsecured notes due 2024 (the “2024 Notes” and, together with the 2022 Notes, the “Notes”). Sealed Air intends to use the net proce... 
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11/07/14Sealed Air Announces Offering of Senior Notes
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Nov. 7, 2014-- Sealed Air Corporation (“Sealed Air”) (NYSE: SEE) today announced that it intends to offer $750 million aggregate principal amount of senior unsecured notes due 2022 (the “2022 Notes”) and senior unsecured notes due 2024 (together with the 2022 Notes, the “Notes”). Sealed Air intends to use the net proceeds from the offering, along with cash on hand, to repurchase, redeem or satisfy and discharge all of... 
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11/07/14Sealed Air Commences Offer for 8.125% Senior Notes Due 2019 and Consent Solicitation with Respect to 8.375% Senior Notes Due 2021
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Nov. 7, 2014-- Sealed Air Corporation (“Sealed Air” or the “Company”) (NYSE:SEE) today announced that it has commenced a cash tender offer to purchase any and all of the outstanding $750 million in aggregate principal amount of 8.125% Senior Notes due 2019 of the Company, CUSIP No. 81211KAQ3 (the “2019 Notes”), on the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation State... 
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10/29/14Sealed Air Reports Third Quarter 2014 Results
Sealed Air Reports Third Quarter 2014 Results Q3 2014 Sealed Air Earnings Conference Call Presentation Adjusted EBITDA Increased 8.4% to $300 Million or 15.2% of Net Sales 2014 Adjusted EPS of $0.52 Increased 24%; Reported EPS of $0.28 Company Raises 2014 Outlook for Adjusted EBITDA, Adjusted EPS and Free Cash Flow CHARLOTTE, N.C.--(BUSINESS WIRE)--Oct. 29, 2014-- Sealed Air Corpor... 
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10/17/14Sealed Air Declares Quarterly Cash Dividend
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Oct. 17, 2014-- Sealed Air Corporation (NYSE:SEE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on December 19, 2014 to stockholders of record at the close of business on December 5, 2014. Business Sealed Air Corporation creates a world that feels, tastes and works better. In 2013, the Company generated reven... 
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10/06/14Sealed Air to Hold Conference Call to Discuss Third Quarter 2014 Results
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Oct. 6, 2014-- Sealed Air Corporation (NYSE:SEE) today announced that it will release its third quarter 2014 results at approximately 7:00 a.m. (ET) on Wednesday, October 29, 2014 and will host a conference call and webcast later that morning at 8:30 a.m. (ET). Jerome A. Peribere, President and CEO, and Carol P. Lowe, Senior Vice President and CFO, will conduct the investor conference call. The conferen... 
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09/25/14Sealed Air Announces Price Increases in North America for Its Food Care Products
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Sep. 25, 2014-- Sealed Air Corporation (NYSE:SEE) today announced that it is implementing price increases between 3% and 5% for the majority of its North American Food Care division products, effective October 6, 2014. “As we similarly announced for our Product Care Division in August, our price increases for Food Care division are in direct response to the continued escalation of our key raw materials and oth... 
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09/23/14Sealed Air Among Top Companies on CDP’s 2014 Global 500 Climate Change Report
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Sep. 23, 2014-- Sealed Air Corporation (NYSE:SEE) today announced that its efforts to reduce greenhouse gas emissions and mitigate the risks of potential climate change have been recognized by the CDP, the world’s only global environmental disclosure system. According to this years’ CDP S&P 500 Climate Change Report 2014, which presents new analysis linking S&P 500 industry leaders with financial outperformanc... 
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09/11/14Sealed Air Names Kenneth P. Chrisman President of Its Product Care Division
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Sep. 11, 2014-- Sealed Air Corporation (NYSE:SEE) announced the promotion of Kenneth (Ken) P. Chrisman, formerly Vice President, Global Cushioning Solutions, to Division President, Product Care, effective immediately. “Ken has been an integral part of Sealed Air’s success in his more than 27 years with the company. His solid history with the Product Care division, his leadership skills and knowledge of the bus... 
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08/18/14Sealed Air Announces Price Increases in North America
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Aug. 18, 2014-- Sealed Air Corporation (NYSE:SEE) announced today a 5% North American price increase on select products in the Company’s Product Care division. The price increases will take effect October 1, 2014. “Our North American price increases are in response to the continued escalation of our key raw materials and other input costs, in particular polyethylene and nylon, which all major petrochemical (PE... 
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07/30/14Sealed Air Reports Second Quarter 2014 Results
Sealed Air Reports Second Quarter 2014 Results Q2 2014 Sealed Air Earnings Conference Call Presentation Adjusted EBITDA Increased 8.4% to $284 Million or 14.4% of Net Sales 2014 Adjusted EPS of $0.42 Increased 20%; Reported EPS of $0.28 Repurchased Approximately 3.9 million Shares for $130 Million and Recently Refinanced Credit Facility Company Raises 2014 Financial Outlook ... 
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07/23/14Sealed Air To Establish New Global Headquarters In Charlotte, North Carolina
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Jul. 23, 2014-- Sealed Air Corporation (NYSE:SEE) today announced that it is establishing a new global headquarters in Charlotte, North Carolina. The Company will relocate to a modern, state-of-the art, environmentally-sustainable campus that will become the headquarters for its divisions, research & development facilities, and corporate offices. Within the next three years, Sealed Air anticipates approxim... 
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07/16/14Growing Grocery Shopper Concern Over Food Waste According to Sealed Air 2014 Food Waste Survey
ELMWOOD PARK, N.J., July 16, 2014 /PRNewswire/ --   Fifty million tons of food wasted every year in the United States alone; American grocery shoppers report being more concerned about food waste in the U.S. than air pollution, water shortages, climate change and genetically modified foods; and Yet, American grocery shoppers are least concerned about food waste in their own household. To view the multimedia assets associated with this release, please click: http://www.multivu.com/... 
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07/14/14Sealed Air to Hold Conference Call to Discuss Second Quarter 2014 Results
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Jul. 14, 2014-- Sealed Air Corporation (NYSE:SEE) today announced that it will release its second quarter 2014 results at approximately 7:00 a.m. (ET) on Wednesday, July 30, 2014 and will host a conference call and webcast later that morning at 8:30 a.m. (ET). Jerome A. Peribere, President and CEO, and Carol P. Lowe, Senior Vice President and CFO, will conduct the investor conference call. The conferenc... 
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07/10/14Sealed Air Declares Quarterly Cash Dividend
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Jul. 10, 2014-- Sealed Air Corporation (NYSE:SEE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on September 19, 2014 to stockholders of record at the close of business on September 5, 2014. Business Sealed Air Corporation creates a world that feels, tastes and works better. In 2013, the Company generated rev... 
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07/02/14Sealed Air Acquires Virox Technologies’ Accel Brand and Healthcare Businesses in the USA and Canada
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Jul. 2, 2014-- Sealed Air Corporation (NYSE:SEE) announced today that it has completed an acquisition of Virox Technologies’ Accel® brand and its related healthcare businesses in the United States and Canada. The acquired assets include the brand, the current healthcare business and existing customer relationships. Through its Diversey Care business, Sealed Air has had a long standing exclusive, global relatio... 
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06/13/14Sealed Air Announces Closing of Secondary Offering by Selling Stockholder
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Jun. 13, 2014-- Sealed Air Corporation (“Sealed Air”) (NYSE: SEE) today announced the closing of the previously announced underwritten offering of 5,000,000 shares of its common stock by WRG Asbestos PI Trust (the “selling stockholder”) at a price of $33.06 per share. The selling stockholder received all of the proceeds from this offering. No shares of common stock were sold by Sealed Air. Sealed Air also completed it... 
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06/09/14Sealed Air Corporation Announces Secondary Offering by Selling Stockholder
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Jun. 9, 2014-- Sealed Air Corporation (“Sealed Air”) (NYSE:SEE) announced today that the WRG Asbestos PI Trust (the “selling stockholder”) has agreed to sell 5,000,000 shares of common stock, par value $0.10 per share (“Common Stock”) of Sealed Air, in an underwritten secondary offering on a bought deal basis. Sealed Air will not sell any shares in the offering and will not receive any proceeds from the offering. Conc... 
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05/22/14Sealed Air Declares Quarterly Cash Dividend
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--May 22, 2014-- Sealed Air Corporation (NYSE:SEE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on June 20, 2014 to stockholders of record at the close of business on June 6, 2014. Business Sealed Air Corporation creates a world that feels, tastes and works better. In 2013, the Company generated revenue of app... 
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05/09/14Sealed Air Announces Upcoming Event with the Financial Community
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--May 9, 2014-- Sealed Air Corporation (NYSE: SEE) today announced that it will participate in the following event with the financial community during the month of May 2014. Goldman Sachs Goldman Sachs Basic Materials Conference 2014 May 21, 2014 New York, NY 9:10 a.m. (ET) Carol P. Lowe, Senior Vice President and Chief Financial Officer Emile Z. Chammas, Senior Vice President and Chief Supply Chain... 
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04/30/14Sealed Air Reports First Quarter 2014 Results
Sealed Air Reports First Quarter 2014 Results Q1 2014 Sealed Air Earnings Conference Call Presentation Adjusted EBITDA Increased 8.9% to $252 Million or 13.8% of Net Sales 2014 Adjusted EPS of $0.33 Increased 43%; Reported EPS of $0.33 ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Apr. 30, 2014-- Sealed Air Corporation (NYSE: SEE) today announced financial results for the first quarter 2014. Commenting on these r... 
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04/09/14Sealed Air Commits Support to New Water Stewardship Standard and Program
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Apr. 9, 2014-- Sealed Air (NYSE: SEE) announced today it has become a Founding Partner of the AWS International Water Stewardship Program. The Program was launched this week by the Alliance for Water Stewardship and is the first global framework designed to provide global standards for large-scale water use organizations to manage and report on water use and address clean water risks and impacts. The AW... 
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04/07/14Sealed Air to Hold Conference Call to Discuss First Quarter 2014 Results
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Apr. 7, 2014-- Sealed Air Corporation (NYSE:SEE) today announced that it will release its first quarter 2014 results at approximately 7:30 a.m. (ET) on Wednesday, April 30, 2014 and will host a conference call and webcast later that morning at 10:00 a.m. (ET). Jerome A. Peribere, President and CEO, and Carol P. Lowe, Senior Vice President and CFO, will conduct the investor conference call. The conferenc... 
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02/28/14Sealed Air Tops Industry in Fortune’s Most Admired List
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Feb. 28, 2014-- Sealed Air (NYSE:SEE) announced today that it has been recognized as the most admired company in its industry, according to Fortune Magazine’s annual survey published today. The annual “Fortune Most Admired Companies” survey ranked Sealed Air first among 12 companies in the packaging and containers industry, including the top ranking in six of the nine categories in which companies are e... 
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02/18/14Sealed Air Declares Quarterly Cash Dividend
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Feb. 18, 2014-- Sealed Air Corporation (NYSE:SEE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on March 21, 2014 to stockholders of record at the close of business on March 7, 2014. Business Sealed Air Corporation creates a world that feels, tastes and works better. In 2013, the Company generated revenue of ... 
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02/13/14Sealed Air Releases First Company-Wide Sustainability Review
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Feb. 13, 2014-- Sealed Air Corporation (NYSE:SEE) today announced the release of its first company-wide sustainability review. The review is designed to demonstrate how Sealed Air approaches sustainability within its own operations and through its customer solutions. This includes: Acting responsibly – from minimizing environmental impact to providing a safe workplace and respecting and supporting ... 
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02/11/14Sealed Air Announces Price Increases in North America
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Feb. 11, 2014-- In response to the continued escalation of its key raw materials and other input costs, in particular polyethylene, nylon and benzene, Sealed Air Corporation (NYSE:SEE) announced today it is in the process of implementing North American price increases ranging from 3% to 8% within the Company’s Food Care and Product Care divisions. The increases are as follows for 2014: Eight p... 
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02/06/14Sealed Air Announces Upcoming Events with the Financial Community
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Feb. 6, 2014-- Sealed Air Corporation (NYSE:SEE) today announced that it will participate in the following events with the financial community during the month of February 2014. Barclays Barclays Industrial Select Conference 2014 February 20, 2014 Miami, FL 10:35 a.m. (ET) Jerome A. Peribere, President and Chief Executive Officer Carol P. Lowe, Senior Vice President and Chief Financial Officer ... 
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02/06/14Sealed Air Reports Fourth Quarter and Full Year 2013 Results
Sealed Air Reports Fourth Quarter and Full Year 2013 Results Q4 2013 Sealed Air Earnings Conference Call Presentation 2013 Adjusted EBITDA increased 7.3%, excluding impact of SARs, and generated $509 million of Free Cash Flow 2013 Adjusted EPS from Continuing Operations of $1.23, including $0.16 of SARs expense; Reported EPS from Continuing Operations of $0.44 Q4 Adjusted EPS from Continuing Operations of $0.34, including $0.05 of SARs expense; Reported EPS from Continuing Operati... 
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02/04/14Sealed Air Completes Terms of Settlement Agreement Involving Bankruptcy Case of W. R. Grace & Co.
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Feb. 4, 2014-- Sealed Air Corporation (NYSE:SEE) today announced it has completed the material remaining conditions of the previously disclosed Settlement agreement with the committees appointed to represent asbestos claimants in the bankruptcy case of W. R. Grace & Co. This agreement was approved by order of the United States Bankruptcy Court for the District of Delaware on June 27, 2005. Pursuant ... 
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01/14/14Sealed Air to Hold Conference Call to Discuss Fourth Quarter 2013 Results
ELMWOOD PARK, N.J.--(BUSINESS WIRE)--Jan. 14, 2014-- Sealed Air Corporation today announced that it will release its fourth quarter results at approximately 7:30 a.m. (ET) on Thursday, February 6, 2014 and will host a conference call and webcast later that morning at 10:00 a.m. (ET). Jerome A. Peribere, President and CEO, and Carol P. Lowe, Senior Vice President and CFO, will conduct the investor conference call. The conference call will b... 
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