CHARLOTTE, N.C., Tuesday, May 10, 2016 – Sealed Air
Corporation (NYSE:SEE) has entered a strategic partnership with
Box on Demand and Panotec, providers of 3-dimensional
equipment platforms and fanfold corrugated for on-demand,
right-sized box creation. Box On Demand is the exclusive North
American partner of Panotec, the manufacturer of the equipment
platforms, established in 1986 and headquartered in Treviso,
Italy.
“This partnership further strengthens our leading portfolio of
right-sized solutions,” said Kenneth P. Chrisman, President of
Sealed Air’s Product Care Division. “The capabilities of Box On
Demand are a powerful complement to the automated system technology
pioneered by B+ Equipment - including I-PackⓇ, e-CubeⓇ, and
UltipackⓇ - which became a part of the Sealed Air family in 2015,
as well as our own internally developed platforms including the
FloWrap™ Automated Mailer and PriorityPakⓇ.”
“Together, these solutions will empower our customers to reduce
waste, freight cost, warehousing space, and carbon emissions while
ensuring the right level of protection for every order, every
time,” says Chrisman. “We are in an era where dimensional weight
pricing is putting additional strain on e-commerce retailers, 90%
of whom have a wide array of products and order configurations that
demand a higher degree of box customization. This partnership
allows us to create the perfect package for any combination of SKUs
- cut to fit and optimized for minimum packaging and maximum
protection.”
“Sealed Air has a long history of providing innovative and
creative solutions related to product protection and packaging
automation. The addition of Box On Demand to their portfolio is a
natural fit, and positions us to deliver more value to our
customers across multiple industries,” said Greg Magnell, President
of Box On Demand.
The partnership agreement, which went into effect on March 17,
2016, includes the exclusive right for Sealed Air to place Box on
Demand equipment with our customers in the U.S., Canada and
Mexico.
Business
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.
Website Information
We routinely post important information for investors on our
website, www.sealedair.com, in the "Investor Relations" section. We
use this website as a means of disclosing material, non-public
information and for complying with our disclosure obligations under
Regulation FD. Accordingly, investors should monitor the Investor
Relations section of our website, in addition to following our
press releases, SEC filings, public conference calls, presentations
and webcasts. The information contained on, or that may be accessed
through, our website is not incorporated by reference into, and is
not a part of, this document.
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 our 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 we make 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 our 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, 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 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 by us is based only on information
currently available to us and speaks only as of the date on which
it is made. We undertake no 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160510005206/en/
Sealed Air CorporationInvestor:Lori Chaitman,
201-703-4161orMedia:Jenn Grabenstetter, 980-221-3712
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