Profile: Sealed Air Corp (SEE)
18 Dec 2013
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, health care and industrial, commercial and consumer applications. The Company’s brands include bubbles Wrap brand cushioning, Cryovac brand food packaging solutions and Diversey brand cleaning and hygiene solutions. The Company operates in four segments: food and beverage, institutional and laundry and protective packaging, and other category, which includes its medical applications and new venture businesses. On November 14, 2012, the Company completed the sale Diversey G.K. (Diversey Japan).
During the year ended December 31, 2012, the Company's operations generated approximately 65% of its revenue from outside the United States, including approximately 24% of its revenue from developing regions. These developing regions are Africa, Asia (excluding Japan and South Korea), Central and Eastern Europe, and Latin America. The Company’s conducts its business through three wholly owned subsidiaries, Cryovac, Inc., Sealed Air Corporation (US) and Diversey, Inc. (Diversey). During 2012, total outsourced products sales represented approximately 21% of total net sales, of which 34% related to the Company's F&B division, 61% related to its I&L division and 5% related to its Protective Packaging division. The Company operates has presence in the United States and the 61 other countries listed below, enabling the Company to distribute its products to its customers in over 175 countries.
Food & Beverage (F&B)
The Company’s F&B division combines its Air's legacy Food Packaging and Food Solutions packaging businesses with Diversey's legacy Food and Beverage hygiene solutions business. This division focuses on providing processors, retailers and food service operators a broad range of integrated system solutions that improve the management of contamination risk and facility hygiene during the food and beverage production process, extend product shelf life through packaging technologies. Packaging solutions incorporate equipment systems that are frequently integrated into customers' operations, consumables such as advanced flexible films, absorbent materials and trays, and a variety of pre- and post-sale services. Packaging equipment systems incorporates various options for loading, filling and dispensing, and will also accommodate certain retort and aseptic processing conditions. Equipment solutions supported include vacuum shrink bag systems, flow-vac, thermoforming, skin, tray/lid and vertical pouch packaging systems. Services include graphic design, printing, training, field quality assurance and remote diagnostics. Facility hygiene solutions include clean-in-place and open plant systems that integrate cleaning chemicals, lubricants, floor care equipment and cleaning tools.
Institutional & Laundry (I&L)
The Company’s I&L division represents the offering of Diversey branded total integrated system solutions for facility hygiene, food safety and security in food service operations, and infection control to customers worldwide. The division is focused on serving five key institutional and industrial sectors globally, which include food service operators, lodging and laundry establishments, facility management and building service contractors, retail outlets, and healthcare facilities. I&L integrates cleaning chemicals, floor care equipment, cleaning tools, and a range of value-added services based, including application and employee training, auditing of hygiene and appearance, food safety services, and water and energy management. These solutions address kitchen hygiene, floor care, housekeeping and restroom care, and professional laundry. The range of Diversey-branded solutions includes integrated lines of products and dispensing systems for hard surface cleaning, disinfecting and sanitizing, hand washing, deodorizing, ware washing, hard surface and carpeted floor cleaning systems, cleaning tools and utensils, and fabric care for professional laundry applications that are comprised of detergents, stain removers, bleaches and a range of dispensing equipment for process control and management information systems.
This division combines its protective packaging, shrink packaging and the engineered foam portion of the legacy specialty materials businesses to provide customers a portfolio of protective packaging systems designed for use across a range of applications and industries globally. This division provides customers with a range of protective packaging solutions to meet cushioning, void fill, positioning/block-and-bracing, surface protection, retail display, containment and dunnage needs. Solutions are marketed brands that include Bubble Wrap and Air Cap air cellular packaging, Cryovac performance shrink films, Instapak polyurethane foam packaging systems, Jiffy mailers, and Korrvu suspension and retention packaging and sustainable offers in PakNatural Loose fill and Restore Mushroom Molded Shapes packaging.
The Company sells medical applications products directly to medical device manufacturers and pharmaceutical companies and to the contract packaging firms that supply them. Medical Applications is focused on growth in the medical device and pharmaceutical solutions packaging markets, utilizing the global brands of Nexcel and Nelipak. The Company's core product lines include customer designed rigid and flexible packaging materials for medical and drug delivery devices, specialty component films for ostomy and colostomy bags and PVC free film to package pharmaceutical solutions.
The Company's New Ventures business includes several development and projects. These include technologies and solutions sourced from renewable materials and process technologies.
In addition to net sales from products produced in the Company's facilities, the Company also sells products fabricated by other manufacturers, which the Company refers to as outsourced products. The Company uses third-party manufacturers for technically less complex products and selected equipment in orders to offer customers a range of solutions.
Sealed Air Corp
200 Riverfront Boulevard
ELMWOOD PARK NJ 07407
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