Sealed Air Announces Price Increases for Its European Food Care and Product Care Products
“Our European price increases are in response to the continued
escalation of our key raw materials and other input costs in particular
polyethylene, polypropylene and polystyrene, as all major petrochemical
suppliers increased prices over the last five months. Cumulatively,
since
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Litigation Reform Act of 1995 concerning our business, consolidated
financial condition and results of operations. Forward-looking
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outside our control, which could cause actual results to differ
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expectations of the effect on our financial condition of claims,
litigation, environmental costs, contingent liabilities and governmental
and regulatory investigations and proceedings. The following are
important factors that we believe could cause actual results to differ
materially from those in our forward-looking statements: the expected
cash tax benefits associated with the Settlement agreement (as defined
in our 2014 Annual Report on Form 10-K), global economic and political
conditions, changes in our credit ratings, changes in raw material
pricing and availability, changes in energy costs, competitive
conditions, success of our restructuring activities, currency
translation and devaluation effects, the success of our financial
growth, profitability, cash generation and manufacturing strategies and
our cost reduction and productivity efforts, the effects of animal and
food-related health issues, pandemics, consumer preferences,
environmental matters, regulatory actions and legal matters, and the
other information referenced in the “Risk Factors” section appearing in
our most recent Annual Report on Form 10-K, as filed with the
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Source:
Sealed Air Corporation
Investor:
Lori Chaitman, 201-703-4161
or
Media:
Ken
Aurichio, 201-703-4164