UPS (NYSE:UPS) and Sealed Air Corporation (NYSE:SEE) today
announced a strategic partnership to help retailers, e-tailers, and
businesses around the world maximize the efficiency of their
packaging operations, minimize packaging waste, and reduce annual
shipping costs.
“Our partnership with Sealed Air provides a powerful suite of
products and services to businesses operating in the booming
e-commerce arena, which is expected to grow at three times the rate
of GDP,” said Alan Gershenhorn, Chief Commercial Officer, UPS. “We
are focused on providing the tools, products and services that our
business customers need to efficiently, cost-effectively, and
sustainably drive their operations forward, while at the same time,
continuing to provide convenience, choice, and control to
consumers.”
UPS and Sealed Air have long been united in their missions to
enable efficient on-time delivery and returns, provide maximum
protection against damage, reduce waste, and lower shipping costs.
Previous years of collaboration between both companies have led to
this next logical step of expansion with the introduction of
several new offerings.
As part of the partnership, UPS customers gain access to
additional package engineering expertise and services through
Sealed Air’s Packaging Application Centers, which provide design,
testing, and packaging performance analysis for customers from 27
global locations.
Additionally, Sealed Air will participate in the UPS Customer
Technology Program (CTP), providing packaging systems and
materials. CTP is a customer loyalty program that connects small to
medium-sized businesses with best-in-class vendors of hardware,
software, peripherals – and now packaging – to help them gain
efficiencies across their business and enable growth.
“E-commerce is perhaps the most important consumer goods
revolution of the last 15 years and companies like UPS and Sealed
Air have transformed themselves to serve it,” said Jerome A.
Peribere, President and Chief Executive Officer of Sealed Air.
Peribere continued, “As industries continually strive for
increased efficiency and consumer satisfaction, we have the
distinct ability to make an impact: on the environment through the
elimination of damage and void waste, on cost efficiency by
optimizing package dimension, and on customers through an enhanced
at-home experience.”
According to eMarketer, worldwide retail e-commerce sales will
reach $1.915 trillion this year and double-digit growth will
continue through 2020 when sales are projected to top $4 trillion.
This tremendous growth rate highlights the need for holistic
packaging and logistics solutions that enable e-commerce
success.
Starting in early 2017, customers will be able to experience the
new packaging solutions and tour a special Sealed Air showroom at
the UPS Supply Chain Solutions facility in Louisville,
Kentucky.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a
broad range of solutions including transporting packages and
freight; facilitating international trade, and deploying advanced
technology to more efficiently manage the world of business.
Headquartered in Atlanta, UPS serves more than 220 countries and
territories worldwide. The company can be found on the web
at ups.com® and its corporate blog can be found
at longitudes.ups.com. To get UPS news direct,
visit pressroom.ups.com/RSS or follow @UPS_News
About Sealed Air
Sealed Air Corporation creates a world that feels, tastes and
works better. In 2015, the Company generated revenue of
approximately $7.0 billion by helping our customers achieve their
sustainability goals in the face of today’s biggest social and
environmental challenges. Our portfolio of widely recognized
brands, including Cryovac® brand food packaging solutions, Bubble
Wrap® brand cushioning and Diversey® cleaning and hygiene
solutions, enables a safer and less wasteful food supply chain,
protects valuable goods shipped around the world, and improves
health through clean environments. Sealed Air has approximately
23,000 employees who serve customers in 169 countries. To learn
more, visit www.sealedair.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 concerning the business, consolidated
financial condition and results of operations. Forward-looking
statements are subject to risks and uncertainties, many of which
are outside our control, which could cause actual results to differ
materially from these statements. Therefore, you should not rely on
any of these forward-looking statements. Forward-looking statements
can be identified by such words as “anticipates,” “believes,”
“plan,” “assumes,” “could,” “should,” “estimates,” “expects,”
“intends,” “potential,” “seek,” “predict,” “may,” “will” and
similar references to future periods. All statements other than
statements of historical facts included in this press release
regarding our strategies, prospects, financial condition,
operations, costs, plans and objectives are forward-looking
statements. Examples of forward-looking statements include, among
others, statements regarding expected future operating results,
expectations regarding the results of restructuring and other
programs, anticipated levels of capital expenditures and
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 tax benefits associated with the Settlement
agreement (as defined in Sealed Air’s 2015 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, Sealed Air’s
success in the spin of the Diversey Care and related hygiene
business, the success of restructuring activities, currency
translation and devaluation effects, the success of financial
growth, profitability, cash generation and manufacturing strategies
and cost reduction and productivity efforts, the success of new
product offerings, 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 each
companies most recent Annual Report on Form 10-K, as filed with the
Securities and Exchange Commission, and as revised and updated by
our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Any forward-looking statement made in this press release is based
only on information currently available and speaks only as of the
date on which it is made. Neither company undertakes the obligation
to publicly update any forward-looking statement, whether written
or oral, that may be made from time to time, whether as a result of
new information, future developments or otherwise.
UPS Contacts:
Glenn Zaccara
404-828-4663
gzaccara@ups.com
Rebecca Harbin
404-870-6825
rebecca.harbin@mslgroup.com
Sealed Air Contacts:
Jenn Grabenstetter
980-221-3712
jennifer.grabenstetter@sealedair.com
Mark Savage
212-445-8316
msavage@webershandwick.com
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