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4-Traders Homepage  >  Equities  >  Nyse  >  Sealed Air Corp    SEE

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Sealed Air Corp : Sealed Air Demonstrates Expanded Leadership in Food Safety & Security at the 2012 Global Food Safety Conference

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02/23/2012 | 06:43pm CET

ORLANDO, Fla., Wednesday, February 22, 2012 - Sealed Air Corporation showcased last week the combined value it brings with its Diversey® and Cryovac® portfolio to food safety and security at the Consumer Goods Forum Global Food Safety Initiative, which gathers close to 1000 food safety senior leaders from over 50 countries worldwide.

Through the combination of leading experts in food science, packaging and microbiology, Sealed Air demonstrated strategies for protecting and enhancing the entire food and beverage supply chain - from farm to fork - by collaborating to reduce contamination, extend the shelf life of food and elevate the food and beverage experience for the consumer.

"As the global demand for food increases, we urgently need to tackle the three most pressing issues facing our food supply - food safety, food waste and food access," said Bill Hickey, CEO of Sealed Air. "Nearly every step in the food production and consumption chain affords the opportunity for business involvement and contribution and we have committed our company to a path of innovation to help the world increase access to food, keep it fresh and make it safe and secure for all people."

For decades, Sealed Air's Cryovac® and Diversey® brand products have helped improve food safety and combat food waste with technologies and packaging solutions that extend shelf life, provide perfect portions and deliver ultimate product protection.

Sealed Air participated in a session titled "Using Innovative Technologies to Implement a Safe and Sustainable Future Supply Chain." The program highlighted processing, packaging and information technologies that can reduce cost, increase transparency and help an organization remain competitive. Ron Cotterman, Sealed Air's Executive of Director of Sustainability, presented examples of how packaging brings value by improving operations, preventing waste and reducing risk.

Sealed Air also sponsored a breakfast session on building an effective food safety management systems across cultures, both globally and locally. Case studies from Starbucks, Walt Disney and ConAgra were highlighted.

Sealed Air's long partnership with The Consumer Goods Forum includes providing technical expertise and best practices leadership for the Global Food Safety Initiative (GFSI). Under the partnership, food safety experts from Sealed Air participated in the GFSI Foundation Technical Committee and provide counsel on food safety auditing and training services as well as sanitation and food safety guidelines in the food service, retail and manufacturing environments.

About Sealed Air

Sealed Air is the new global leader in food safety and security, facility hygiene and product protection. With widely recognized and inventive brands such as Bubble Wrap® brand cushioning, Cryovac® brand food packaging solutions and Diversey® brand cleaning and hygiene solutions, Sealed Air offers efficient and sustainable solutions that create business value for customers, enhance the quality of life for consumers and provide a cleaner and healthier environment for future generations. On a pro forma basis, Sealed Air generated revenue of $8.1 billion in 2011, and has approximately 26,300 employees who serve customers in 175 countries. To learn more, visit www.sealedair.com.

Forward-Looking Statements

Company statements in this press release may be forward-looking. These statements include comments as to future events that may affect the Company, which are based upon management's current expectations and are subject to uncertainties, many of which are outside the Company's control. Forward-looking statements can be identified by such words as "anticipates," "expects," "will" and similar expressions. A variety of factors may cause actual results to differ materially from these expectations, including: economic conditions affecting packaging utilization; changes in raw material costs; currency translation effects; and legal proceedings. For more extensive information, see "Risk Factors" and "Cautionary Notice Regarding Forward-Looking Statements," which appear in our most recent annual report on Form 10-K, as filed with the Securities and Exchange Commission, and as may be revised and updated by our quarterly reports on Form 10-Q and current reports on Form 8-K.

Contact

Ken Aurichio
201-791-7600

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Financials ($)
Sales 2016 6 824 M
EBIT 2016 880 M
Net income 2016 454 M
Debt 2016 4 137 M
Yield 2016 1,25%
P/E ratio 2016 20,86
P/E ratio 2017 16,76
EV / Sales 2016 1,97x
EV / Sales 2017 1,91x
Capitalization 9 314 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 53,5 $
Spread / Average Target 11%
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NameTitle
Jerome A. Peribere President, Chief Executive Officer & Director
William J. Marino Chairman
Carol P. Lowe Chief Financial Officer & Senior Vice President
Robert L. Tatterson CTO & Vice President-Research & Development
Edwina Payne Chief Information Officer & Vice President
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