Welcome to our dedicated page for Sealed Air news (Ticker: SEE), a resource for investors and traders seeking the latest updates and insights on Sealed Air stock.
Sealed Air Corporation (NYSE: SEE) is a global leader in packaging solutions, committed to creating a world that feels, tastes, and works better through innovation and sustainability. In 2023, the company generated $5.5 billion in sales, supported by approximately 17,000 employees serving customers in 115 countries.
Sealed Air’s operations are segmented into two main categories: Food Care and Product Care. The Food Care division offers food packaging products under brands like Cryovac®, Darfresh®, and OptiDure™, primarily targeting meat products. The Product Care division includes iconic brands such as Bubble Wrap®, Instapak®, Jiffy® mailers, and shrink film packaging systems designed for industrial and e-commerce applications.
The company’s portfolio of renowned brands ensures a safer, less wasteful food supply chain, protects valuable goods during global shipments, and enhances health through improved hygiene solutions. In recent years, Sealed Air has made significant strides in sustainability, achieving net sales of $1.33 billion in Q1 2024, and focusing on eco-friendly initiatives through the SEE Impact Report 2022.
Sealed Air is dedicated to sustainability, integrating automation, digital, and sustainable packaging solutions to help customers achieve their environmental goals. It pursues scalable solutions to promote circularity, prevent waste, and reduce reliance on natural resources. Collaborations and innovative technologies keep Sealed Air at the forefront of the packaging industry, ensuring high performance and sustainable growth.
For more information, visit www.sealedair.com.
Sealed Air Corporation (NYSE: SEE) announced an offering of senior notes due 2028, with proceeds primarily allocated for the acquisition of Liqui-Box and repurchase of outstanding 4.500% senior notes due 2023. The Issuers intend to finance the Liqui-Box acquisition through proceeds from the offering, a loan, and cash reserves. If the acquisition is not completed by May 8, 2024, $350 million of the notes will be mandatorily redeemed. The offering is limited to qualified institutional buyers and non-U.S. persons under Regulation S. This press release does not constitute an offer to sell or solicit buy orders for the notes.
Sealed Air Corporation (NYSE: SEE) has initiated a cash tender offer for its outstanding 4.500% Senior Notes due 2023, totaling €400 million. The offer, detailed in the Offer to Purchase dated January 17, 2023, will expire at 5:00 p.m. NY time on January 27, 2023, unless extended. Validly tendered notes will be settled by February 1, 2023. Conditions for acceptance include the successful completion of new debt securities offerings. The total consideration for the notes will be determined based on a fixed spread plus yield, with accrued interest also to be paid. Goldman Sachs is the Dealer Manager for this offer.
Sealed Air (SEE) emphasizes its commitment to sustainability through innovative packaging solutions aimed at reducing waste and environmental impact. The company highlights its Digital Packaging and Environmental Product Declarations as key tools for promoting transparency across supply chains. New products like CRYOVAC® FlexPrep® pouches and OptiDure ODF bags showcase significant reductions in material usage and food waste. Additionally, collaborations with ExxonMobil and Ahold Delhaize USA aim to enhance recycling efforts, ensuring safer food packaging.
Sealed Air Corporation (NYSE: SEE) will announce its Q4 and 2022 results along with the 2023 outlook on February 9, 2023, at 7:00 a.m. ET. A conference call led by CEO Ted Doheny and CFO Chris Stephens will follow at 10:00 a.m. ET. The event can be accessed on Sealed Air's Investors homepage. In 2021, the company achieved sales of $5.5 billion and employs about 16,500 people across 114 countries. Sealed Air is committed to sustainability, including goals to make all packaging recyclable or reusable by 2025 and achieve net-zero carbon emissions by 2040.
Sealed Air is focusing on sustainability in packaging, aiming to enhance product designs while minimizing waste and climate impact. VP Ron Cotterman emphasizes a holistic approach to innovation, incorporating customer insights and collaboration across the supply chain. Key challenges include balancing sustainability with packaging performance and managing recycling infrastructures. Sealed Air is committed to its 2025 Sustainability Pledge by developing recyclable materials and advancing circularity within the industry. The company also highlights its initiatives like the new fiber tray for fresh proteins, ensuring both sustainability and product protection.
Sealed Air has outlined its commitment to sustainability in its latest Global Impact Report, emphasizing goals for the circular economy, climate change mitigation, and waste reduction. The company aims for net-zero carbon emissions by 2040, with significant reductions in greenhouse gases by 2030. Plans include making 100% of packaging recyclable or reusable and achieving zero workplace harm. Sealed Air's vision integrates sustainable practices into its growth strategy, aiming for environmental, social, and economic value creation.
Highcon announces an $8M investment from Sealed Air Corporation (NYSE: SEE) as part of a strategic collaboration aimed at enhancing product offerings and manufacturing efficiencies. The investment consists of convertible debt and warrants convertible at 3.1 NIS per share. The partnership includes purchasing the Highcon Beam 2C system to accelerate testing and product delivery. This collaboration aims to leverage Highcon's innovative technology to meet evolving market demands, with both companies expressing optimism about their joint roadmap.
Sealed Air (NYSE: SEE) is set to participate in the Macquarie Non-Deal Roadshow on November 16, 2022 in Sydney, Australia. Executives Ted Doheny and Alessandra Faccin will discuss the company's growth in the Asia Pacific region and its acquisition of Liquibox. SEE aims to lead in automation, digital, and sustainable packaging solutions, emphasizing a commitment to recyclable packaging materials by 2025 and net-zero carbon emissions by 2040. The company generated
Harris Williams is advising Liquibox, a leader in liquid packaging, on its upcoming sale to Sealed Air (NYSE: SEE). This transaction highlights the strong interest in the packaging sector. Liquibox, which operates globally and employs nearly 1,400 people, has benefited from a partnership with Olympus Partners, managing over $8.5 billion in investments. Sealed Air is committed to sustainable packaging solutions, aiming for 100% recyclability in materials by 2025 and net-zero carbon emissions by 2040.
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