Full Description

Sealed Air Corporation is a manufacturer of a range of packaging and performance-based materials and equipment systems that serve an array of food, industrial, medical and consumer applications. The Company conducts its business through two direct wholly owned subsidiaries, Cryovac, Inc. and Sealed Air Corporation (United States). It operates in three business segments: Food Packaging, Food Solutions and Protective Packaging. The Other category includes specialty materials, medical applications and new ventures. Food Packaging segment focuses on industrial food packaging and developments in technologies that enable food processors to package and ship fresh and processed meats and cheeses through their supply chain. Its Food Solutions segment focuses on case-ready packaging, ready meals and vertical pouch packaging. Protective Packaging includes protective packaging technologies and solutions. This segment includes the aggregation of the Company’s protective packaging products and shrinks packaging products.

Food Packaging

The Company offers shrink bags to vacuum package fresh food products, including beef, pork, lamb, poultry and seafood, as well as cheese and smoked and processed meats under the Food Packaging segment. In addition, the Company provides packaging materials for cook-in applications, for the deli and foodservice businesses. The Company also offers a range of laminated and coextruded rollstock packaging materials utilized in thermoforming and form, fill and seal applications. For some applications, this segment offers trays as part of its packaging format.

The Company sells associated packaging systems, including bag loaders, dispensers and vacuum chamber systems. The Company primarily sells the products in this segment to food processors, distributors, supermarket retailers and foodservice businesses. The products in this segment are marketed and sold primarily under the Cryovac name. The Company’s offerings in this segment also include the Cryovac Multi-seal package, a reclosable deli package.

Food Solutions

The Company’s case-ready offerings are utilized in the centralized packaging of various proteins, including beef, lamb, poultry, smoked and processed meats, seafood and cheese, for retail sale at the consumer level. In the ready meals category, the Company offers the Simple Steps package, a microwavable package designed with vacuum skin packaging technology and a self-venting feature. It also offers a flex-tray-flex package, which is an oven-compatible package that utilizes skin-pack technology. This segment provides packaging solutions for produce, bakery goods and pizza, including the PizzaFresh offering.

For foodservice applications, the Company provides vertical pouch packaging for packaging flowable food products, including soups and sauces, salads, meats, toppings and syrups. These product offerings include film and filling systems for products utilizing hot and ambient, retort and aseptic processing methods. Another offering is the line of Entapack intermediate bulk container products, which are used in the food, beverage and industrial processing industries for storage and transportation of primarily liquid material.

The Company manufactures and sells absorbent pads used for food packaging, such as its Dri-Loc absorbent pads. The Company sells foam and solid plastic trays and containers that customers use to package a variety of food products. This segment sells related packaging systems, including vertical pouch packaging systems and vacuum chamber systems. The Company primarily sells the products in this segment to food processors, distributors, supermarket retailers and foodservice businesses. The Company sells products in this segment under the Cryovac and Darfresh names.

Protective Packaging

The Company manufactures and markets Bubble Wrap brand and AirCap brand air cellular packaging materials, which employ a barrier layer that retains air for longer lasting protection. The Company sells performance shrink films under the Cryovac, Opti and CorTuff trademarks for product display and merchandising applications. Customers use these films to shrink-wrap a range of industrial and consumer products, as well as produce. The Company offers Shanklin and Opti shrink packaging equipment systems for these applications. The Company’s Instapak polyurethane foam packaging systems, which consist of blends of polyurethane chemicals, polyolefin films and dispensing equipment, provide protective packaging for a variety of applications.

The Company manufactures and markets Jiffy protective mailers and other durable mailers and bags in several sizes. The Company’s principal protective mailers are lightweight, tear-resistant mailers marketed under various brands, including Jiffylite, Mail Lite and TuffGard, lined with air cellular cushioning material, as well as the Jiffy padded mailers made from recycled kraft paper padded with macerated recycled newspaper. The Company markets these mailers and bags under the Jiffy ShurTuff and other brands. The PackTiger paper cushioning system offered by the Company is a paper packaging solution that includes both recyclable paper and automated dispensing equipment. The Company also manufactures and sells other paper packaging products under the trademarks Kushion Kraft, Custom Wrap, Jiffy Packaging and Void Kraft. Korrvu packaging is the Company'’ suspension and retention packaging offering.

The Company offers inflatable packaging systems. Its Fill-Air inflatable packaging system converts rolls of polyethylene film into continuous perforated chains of air-filled cushions. The Company’s Fill-Air RF system consists of an inflator and self-sealing inflatable plastic bags and is also available in an automated model, which does not require an operator for inflation. In addition, its NewAir I.B. 200 and high speed 600 packaging systems provide on-site, on-demand Barrier Bubble cushioning material. The Company also markets its PriorityPak system, a product containment and protective packaging solution with sensor technology, to mail-order and Internet fulfillment applications.

The Company produces and markets converting systems that convert some of the Company’s packaging materials, such as air cellular cushioning materials, thin polyethylene foam and paper, into sheets of a pre-selected size and quantity, or in the case of the Company’s recycled kraft paper, into paper dunnage material. The FillTeck line of equipment and materials is marketed by the Company for applications requiring on-site production of air-filled quilted cushioning material. It sells products in this segment to distributors and manufacturers in a variety of industries.

Other

The Company’s family of foams include brands, such as Cellu-Cushion, Stratocell and Ethafoam. These foams are available in a variety of densities, as well as with anti-static and fire-retardant performance characteristics. Non-packaging markets served through the Company’s product offering of foams, films and composites include alternative energy, temperature controlled supply chain, aerospace, transportation, construction, sports and leisure and personal care. Included in the temperature controlled supply chain category is the Company’s TurboTag system, a temperature logger providing packaging solutions for pharmaceutical, biological and food industry customers.

The Company holds an interest in NanoPore Insulation LLC, a developer of super-insulation products utilizing NanoPore thermal insulation in the form of a vacuum insulated panel. The Company primarily sells specialty materials products to fabricators and manufacturers. The Company’s medical applications products include flexible films, tubing and connectors for use in the manufacture of bags and pouches for a variety of medical applications including ostomy and solution drug therapies. The Company sells equipment to seal thermoformed trays to lidding materials. The Company sells medical applications products directly to medical device manufacturers and pharmaceutical companies and to the contract packaging firms that supply them. Through its Biosphere venture, the Company is developing packaging materials from renewable resources.