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Stock Details
  • PRICE$33.96
  • PRICE CHANGE$0.18
  • % CHANGE0.54%
  • TWEETS11
  • CONSENSUSBUY

Trends

Course of Action

BUY

Sentiment (10 days)

  •  Strong Buy
  •  Buy
  •  Hold
  •  Sell
  •  Strong Sell

DAILY PRICE CHANGE VS SENTIMENT

  • BullishBullish
  • BearishBearish
  • SentimentSentiment
  • BarPrice

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SEALED AIR CORPORATION (SEE) News

Sealed Air To Offer Plantic™ Bio-Based Food Packaging In The United States, Canada And Mexico

Sealed Air Corporation (NYSE:SEE) has entered into an agreement with Kuraray America, Inc. (Kuraray), a Japanese chemical company, to offer food packaging materials derived from its Plantic™ bio-based resins.

“We are expanding our portfolio of sustainable solutions with Plantic’s bio-based materials. This solution enables us to offer a renewable packaging option and continue helping the industry address food waste by extending the shelf-life and freshness of food,” said Karl Deily, President of Sealed Air Food Care.

Through this new cooperation with Kuraray, Sealed Air will offer Plantic materials to package perishable foods such as poultry, beef and seafood in the U.S., Canada and Mexico. The materials provide a highly effective oxygen barrier that is also cost competitive with traditional rollstock barrier films.

“This investment not only accelerates Sealed Air’s commitment to renewability, recyclability and innovation, it is also an important pivot point for expanding the market leadership of the Cryovac® and Bubble Wrap® brands,” said Ted Doheny, Sealed Air President and Chief Executive Officer.

“This agreement with Sealed Air expands the options for sustainable bio-based barrier packaging that will benefit consumers, retailers and processors equally,” stated Robert Armstrong, General Manager of EVAL and Plantic, Kuraray America, Inc. “Plantic materials set a new standard for bio-based barrier packaging performance, provide unmatched sustainability metrics and can be recycled through traditional streams in some countries including Australia.”

For more information on this agreement or associated offerings, visit www.sealedair.com or www.kuraray.us.com.

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