Profile: Sealed Air Corp (SEE)
23 May 2017
Sealed Air Corporation, incorporated on January 29, 1996, is engaged in food safety and security, facility hygiene and product protection business. The Company serves a range of end markets, including food and beverage processing, food service, retail, healthcare and industrial, and commercial and consumer applications. The Company's segments are Food Care, Diversey Care, Product Care and Other (includes Corporate, Medical Applications and New Ventures businesses).
The Company provides packaging solutions for the institutional food, consumer and industrial markets. The Company provides institutional and industrial cleaning, sanitation and hygiene solutions, products and related services. It also offers business supply distributors a selection of packaging and cleaning solutions. As of December 31, 2016, the Company had operations in 60 countries. To support the Food Care and New Ventures business customers, the Company operated three Packforum learning centers that are located in the United States, France and China, as of December 31, 2016. The Company also offers ideation services, educational seminars, employee training and graphic design services to its customers. As of December 31, 2016, the Company operated 29 industrial Package Design Centers (PDCs) across the world within its facilities.
Food Care Segment
The Food Care segment focuses on providing processors, retailers and food service operators a range of integrated system solutions. The Food Care business serves primarily perishable food and beverage processors, predominately in fresh red meat, smoked and processed meats, beverages, poultry and dairy (solids and liquids) markets throughout the world. Its solutions are marketed under the Cryovac and Diversey trademarks and under sub-brands, such as Cryovac Grip & Tear, Cryovac Darfresh, Cryovac Mirabella, Simple Steps, Secure Check, Enduro Power and Optidure.
The Company's solutions incorporate equipment systems that are integrated into customers' operations, consumables, such as advanced flexible films, absorbent materials and trays, and a range of pre- and post-sale services. Its packaging equipment systems incorporate various options for loading, filling and dispensing, and also accommodates certain retort and aseptic processing conditions. The equipment solutions include vacuum shrink bag systems, cryovac, flow-vac, wrapping/vacuuming packaging systems, thermoforming, skin, tray/lid and vertical pouch packaging systems. Its services include graphic design, printing, training, field quality assurance and remote diagnostics. The Company's facility hygiene solutions include clean-in-place and open plant systems that integrate cleaning chemicals, lubricants, floor care equipment, and cleaning and dispensing tools. The Company also offers a range of services, such as application and employee training and auditing of hygiene, water and energy management to manage the operational efficiency of customers' processes and their cleaning efficacy. The Food Care segment focuses on providing systems that protect its customers' products.
Diversey Care Segment
The Company's Diversey Care solutions manages its customers' cleaning processes and methods. The Diversey Care segment represents the offering of Diversey-branded total integrated system solutions for facility hygiene, food safety and security, and infection control to customers throughout the world. As of December 31, 2016, the Diversey Care segment was focused on serving five institutional and industrial sectors globally, including food service operators, hospitality establishments and building service contractors, food retail outlets and healthcare facilities.
The Diversey Care segment integrates cleaning chemicals, floor care machines, cleaning tools and equipment, and a range of services, including application and employee training, auditing of hygiene and appearance, food safety services, and water and energy management. The Diversey Care solutions address kitchen hygiene, floor care, housekeeping and restroom care, and professional laundry. The product range of Diversey-branded solutions includes integrated lines of products and dispensing systems for hard surface cleaning, disinfecting and sanitizing, hand washing, deodorizing, mechanical and manual ware washing, hard surface and carpeted floor cleaning systems, cleaning tools and utensils, fabric care for professional laundry applications comprising detergents, stain removers, bleaches, and a range of dispensing equipment for process control and management information systems. Floor care machines are commercialized under the TASKI brand, including Intellibot floor cleaning robots.
Product Care Segment
The Company's Product Care segment offers a range of solutions for protective and specialty packaging challenges. The Product Care segment provides customers with a range of Product Care solutions to meet cushioning, void fill, positioning and block-and-bracing, surface protection, retail display, containment and dunnage needs. Its Product Care solutions are marketed under brands that include Bubble Wrap and AirCap air cellular packaging, Cryovac performance shrink films, Shanklin FloWrap shrink packaging systems, Instapak polyurethane foam packaging systems, Jiffy mailers, and Korrvu suspension. As of December 31, 2016, the Company's solutions were sold globally and supported by a network of approximately 29 American Society for Testing and Materials International (ASTM) approved Product Care design and testing centers.
Product Care solutions are sold primarily through business supply distribution that sells to business and industrial end users. Additionally, solutions are sold directly to fabricators, original equipment manufacturers (OEMs)/contract manufacturers, third-party logistics partners, e-commerce/fulfillment operations, and at retail centers, where the Product Care segment offers select products for consumer use on a global basis.
The Company's other operations include Corporate, and its Medical Applications and New Ventures businesses, which is referred to as Other. The Medical Applications business provides solutions offering protection and reliability to the medical, pharmaceutical and medical device industries. The Company sells medical applications products directly to medical device manufacturers and pharmaceutical companies, and to the contract packaging firms that supply them. Its product lines include packaging materials for medical and drug delivery devices, specialty component films for ostomy and colostomy bags and polyvinyl chloride (PVC) free film to package pharmaceutical solutions. Its New Ventures business includes a number of development programs that are focused on new technologies and opportunities, which consist of market-focused exploration of both product and knowledge-based solutions.
Sealed Air Corp
2415 Cascade Pointe Blvd
CHARLOTTE NC 28208-6899
Company Web Links
- LPC-US and Euro investors targeted on US$2.65bn Diversey loan
- BRIEF-Sealed Air reports Q1 loss per share of $0.27 from continuing operations
- BRIEF-Sealed Air CEO's 2016 compensation was $14.8 mln
- BRIEF-W. R. Grace & Co says CEO Alfred Festa's total compensation for 2016 was $7.4 mln versus $6.7 mln in 2015
- Sealed Air to sell Diversey Care to Bain Capital for $3.2 billion