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Sealed Air history
Sealed Air company history timeline
1961: Production of AirCap material begins in earnest.
Plastipak Holdings history, profile and corporate video Founded in 1967, Plastipak is still owned and run by members of the Young family.
By 1969 Bubble Wrap was beginning to catch on.
In 1970 Sealed Air suffered a small deficit, despite continuing gains in sales.
For 1973, the company's after-tax profits topped $1 million for the first time.
Another new product, PolyMask, was introduced in 1973.
Sealed Air made its first foray into Europe in 1973, acquiring 10 percent of Sibco Universal, S.A., a French manufacturing firm.
By 1977 the Solar Pool Blanket was generating 6 percent of company sales.
1977: Instapak Corporation, makers of a "foam-in-place" cushioning system, is acquired.
By 1979 Sealed Air's annual sales had grown to more than $70 million.
Sealed Air also gained its first presence in the food packaging segment in 1983 through the acquisition of the Dri-Loc line of absorbent pad products, which were used underneath meat, fish, and poultry sold in supermarkets.
Sealed Air broadened its product line further in 1983 by purchasing Cellu-Products Co., a Hickory, North Carolina, manufacturer of packaging materials, for $20 million.
1983: Sealed Air purchases Cellu-Products Co., maker of thin-grade polyethylene foam, coated films, and other plastic and paper packaging products; first foray into food packaging comes via the purchase of the Dri-Loc absorbent pad product line.
In 1984 the company acquired Cortec Corporation, a small anticorrosive chemical firm.
Fielding served as executive vice president and director of Sealed Air until his retirement in 1987, while Chavannes worked mostly as a consultant.
Dunphy pulled off a remarkable financial maneuver in 1989.
One such product was Floral, introduced in 1993.
For 1994 sales numbers at Sealed Air made their first significant jump in several years, exceeding $500 million for the first time in company history.
The Trigon purchase was followed by the June 1996 acquisition of the Australian and New Zealand protective packaging business of Southcorp Holdings Limited.
An Oxford University graduate who received his MBA from Harvard Business School, he became chairman of Kildare Enterprises, LLC in November 2000 after leaving Sealed Air.
During the third quarter of 2000 a larger deal was finalized, with Sealed Air paying about $119 million for Dolphin Packaging plc, a U.K. maker of foam food trays.
Another significant purchase was that of Shanklin Corporation, a United States manufacturer of shrink film packaging equipment, in a deal completed later in 2000.
With the outcome of the trial, scheduled to begin in early December 2002, in serious doubt, Sealed Air reached an agreement in late November to settle all current and future asbestos-related claims.
Sealed Air produced the foam that was ignited in the 2003 Station nightclub fire and has paid $25 million to victims in various civil settlements.
In March 2013, Jérôme Péribère took over as CEO and President of Sealed Air.
2016 brought Bubble Wrap® IB Expressions to the packaging world.
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Zippia gives an in-depth look into the details of Sealed Air, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Sealed Air. The employee data is based on information from people who have self-reported their past or current employments at Sealed Air. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Sealed Air. The data presented on this page does not represent the view of Sealed Air and its employees or that of Zippia.
Sealed Air may also be known as or be related to Sealed Air, Sealed Air Corp, Sealed Air Corp. and Sealed Air Corporation.