Sealed Air Corporation news covers a packaging company whose solutions combine materials, automation, equipment and services. The company designs and manufactures packaging used to preserve food, protect goods and automate packaging processes across end markets including fresh proteins, foods, liquids, medical and life science, e-commerce, logistics, fulfillment and industrial applications.
Recurring coverage includes operating and financial results, dividend actions, material agreements, shareholder voting matters, capital-structure updates and corporate-status developments. Product and brand updates center on CRYOVAC food packaging, LIQUIBOX liquids systems, SEALED AIR protective packaging, AUTOBAG automated packaging systems and BUBBLE WRAP packaging. In 2026, company disclosures also documented the completed merger that made Sealed Air a wholly owned subsidiary and ended its NYSE-listed public-company status.
SEE reported a decline in Q4 2022 net sales of $1.4 billion, down by 8% year-over-year, reflecting challenges across global markets, including an unfavorable currency impact. Net earnings fell 44% to $95 million, with earnings per share decreasing by 42% to $0.65. Full year 2022 net sales reached $5.6 billion, a 2% increase. The company completed its acquisition of Liquibox, enhancing its fluids and liquids business, set to grow over 10% of sales. SEE expects 2023 net sales between $5.85 and $6.10 billion and adjusted EBITDA of $1.25 to $1.30 billion, demonstrating confidence amid economic challenges.
Sealed Air (SEE) emphasizes its commitment to environmental sustainability through strategic initiatives led by Andrei Stoddard, Global Operations Excellence Director. The company aims for net-zero carbon emissions by 2040 and has made considerable progress since 2012 in reducing energy, waste, and greenhouse gas emissions. Their new solar farm in California generates 98% of the facility's electricity, helping to avoid 4,982 metric tons of CO2 annually. Employee-led projects in Argentina, China, and Mexico highlight SEE's innovative approach to operational excellence, focusing on recycling, energy efficiency, and community contributions.
Sealed Air (NYSE: SEE) has completed the acquisition of Liquibox for $1.15 billion on a cash and debt-free basis. This strategic move enhances SEE's CRYOVAC brand Fluids & Liquids business by combining two leaders in the flexible packaging industry. The integration is expected to generate synergies through improved technology and market access, driving growth and innovation.
CEO Ted Doheny highlighted the acquisition as a significant step in SEE's transformation towards a digitally driven and sustainable packaging future. The financial details and impacts will be discussed in SEE's earnings call on February 9, 2023.
Sealed Air Corporation (NYSE: SEE) has successfully closed a $775 million offering of 6.125% senior notes maturing in 2028, sold at par value. Proceeds will finance the acquisition of Liqui-Box, Inc., redeem 4.500% senior notes due 2023, and cover general corporate expenses. The notes are offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act. This strategic move aims to enhance business operations and cash management for upcoming projects.
Summary not available.
Sealed Air Corporation (NYSE: SEE) announced the expiration of its cash tender offer for its 4.500% senior notes due 2023, which ended on January 27, 2023, at 5:00 p.m. EST. A total of €233,297,000, or 58.32% of the outstanding amount, was tendered. The expected settlement date for the Tender Offer is February 1, 2023, with holders receiving €1,005.60 for each €1,000 principal amount plus accrued interest. Sealed Air plans to meet any outstanding obligations on non-tendered Notes as per the indenture terms. Goldman Sachs & Co. LLC is the exclusive Dealer Manager for this offer.
Sealed Air Corporation (NYSE: SEE) announced a cash tender offer for its 4.500% senior notes due 2023, with a Total Consideration of €1,005.60 per €1,000 principal amount of the notes accepted for purchase. The Total Consideration was calculated based on a fixed spread of 50 basis points plus a yield to maturity of 2.479%. The tender offer will expire today at 5:00 p.m. New York City time unless extended. The company will also pay accrued and unpaid interest up to the expected settlement date of February 1, 2023. Goldman Sachs & Co. LLC is the exclusive Dealer Manager, and Global Bondholder Services Corporation is the Depositary and Information Agent.
Summary not available.
Sealed Air (SEE) is enhancing its commitment to sustainability by investing in circular economy solutions aimed at reducing plastic waste. On January 18, 2023, the company announced a $5 million investment in Closed Loop Partners' Circular Plastics Fund, contributing to a $100 million goal for recycling technology. Alongside partners like ExxonMobil and Ahold Delhaize USA, SEE is developing low-carbon food-grade packaging solutions. These collaborations focus on increasing recycling capabilities and advancing sustainable practices, thus positioning Sealed Air as a leader in the transition towards a waste-free future.
Sealed Air Corporation (NYSE: SEE) has announced the pricing of its offering of 6.125% senior notes due 2028, aiming to raise approximately $767.7 million. The funds will be utilized for the acquisition of LB Holdco, Inc., the parent company of Liqui-Box, Inc., and for repurchasing outstanding 4.500% senior notes due 2023. If the acquisition does not close by May 8, 2024, the company will mandatorily redeem $350 million of the notes. The offering is expected to close on January 31, 2023, pending customary conditions.