Sealed Air Legal Name

Shortly after a business restructuring of global conglomerate W.R. Grace Company-Conn in 1998, the original Sealed Air merged with Grace`s subsidiary, W. R. Grace & Co. NY and the surviving company was named W. R. Grace & Co. Soon after, this W.R. Grace & Co changed its name to Sealed Air, the name of the current company, but now a much larger company because of the Grace components. Years later, in 2002, this Sealed Air Corporation had to pay $728 million to W. R.

Grace Company-Conn to settle allegations of bankruptcy and fraud against the original merger.[11] T.J. Dermot Dunphy was CEO from 1971 to 2000. [8] [10] [12] A graduate of Oxford University and holder of an MBA from Harvard Business School, he became President of Kildare Enterprises, LLC in November 2000 after leaving Sealed Air. [10] [12] During his time at Sealed Air, revenues increased from $5 million to $3 billion. [13] [14] In 1970, Sealed Air acquired Smith Packaging Ltd., which was later renamed Sealed Air of Canada, Ltd. [10] In 1971, Sealed Air began marketing a new product; By laminating AirCap padding on paper, the company now had Mail Lite padded envelopes. [10] In 1998, Sealed Air was acquired and merged with W.R. Grace`s Cryovac division for $4.9 billion and spun off from parent company Grace as W. R. Grace, Inc. This company changed its name to the current Sealed Air. [7] [21] In June 2000, Sealed Air purchased Dolphin Packaging for $119 million to better serve its European customers.

[22] In October 2011, Sealed Air acquired Diversey Holdings[21] until it was acquired by Bain Capital in September 2017. [23] Ask a simple LEI challenge – just tell us in your own words what`s wrong with current data Sealed Air`s food division manufactures packaging for the food and beverage industry, while its product care division produces specialty protective and packaging materials for a variety of products. [4] [2] In the third quarter of 2000, a major agreement was reached under which Sealed Air paid approximately $119 million for Dolphin Packaging plc, a British manufacturer of foam trays. Please report your traffic by updating your user agent to include company-specific information. Sealed Air Corporation is a packaging company known for its brands: cryovac food packaging and bubble packaging. [2] [3] It sold its stake in Diversey Holdings in 2017. [4] Based in Charlotte, North Carolina, USA, the current CEO is Ted Doheny. [2] [5] Fielding was executive vice president and director of Sealed Air until his retirement in 1987, while Chavannes worked primarily as a consultant. Dunphy made a remarkable financial maneuver in 1989. At Sealed Air, we work with our customers to solve their most pressing resource problems by providing new solutions based on our industry-leading knowledge and expertise. These solutions create a more efficient, secure and less costly global food supply chain and improve trade through fulfillment and packaging solutions to protect the global movement of goods. Sealed Air produced the foam, which was ignited in the Station nightclub fire in 2003, and paid $25 million to victims in various civilian settlements.

[16] Unauthorized attempts to upload information and/or modify information to any portion of this website are strictly prohibited and liable to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see 18 U.S.C. §§ 1001 and 1030). Another major purchase was from Shanklin Corporation, a U.S. manufacturer of shrink wrapping equipment, in a transaction later in 2000. In 2014, we announced our new global headquarters in Charlotte, North Carolina and moved to a modern, state-of-the-art and environmentally friendly campus that has become the headquarters for our innovation and development facilities and corporate offices. In June 2015, we broke ground on our new campus and employees moved in at the end of 2016. We received LEED Gold certification for our global headquarters and officially opened the new campus in May 2017. In March 2013, Jérôme Péribère took over as CEO and President of Sealed Air. Industries around the world are at an inflection point.

Global megatrends such as population growth, urbanization, food, water and energy shortages, labor and skills shortages, and climate change are forcing companies to approach their business strategies in new ways. Meeting these growing resource challenges requires more than sustainable solutions. This requires practical answers forged from deep experience, agile application and creative ingenuity that constantly reinvent possibilities.