Sealed Air To Establish New Global Headquarters In Charlotte, North Carolina
24 July 2014 - 12:30AM
Business Wire
Sealed Air Corporation (NYSE:SEE) today announced that it is
establishing a new global headquarters in Charlotte, North
Carolina. The Company will relocate to a modern, state-of-the art,
environmentally-sustainable campus that will become the
headquarters for its divisions, research & development
facilities, and corporate offices.
Within the next three years, Sealed Air anticipates
approximately 1,300 jobs will be relocated to Charlotte from its
current headquarters in Elmwood Park, New Jersey; and, all or part
of its facilities in Saddle Brook, New Jersey; Danbury,
Connecticut; Racine, Wisconsin; and, Duncan and Greenville, South
Carolina. The Company will also relocate a small number of
employees from other locations.
“We are confident Charlotte will provide a great environment for
us to operate and grow our business moving forward. This move will
contribute to a stronger, one-company culture that will enable
greater collaboration, efficiencies, and better use of our
investments in people and new technologies,” said Jerome A.
Peribere, President and CEO of Sealed Air.
Sealed Air will continue to maintain manufacturing in its Saddle
Brook and Danbury facilities, as well as certain operations in
Duncan. The Company’s Simpsonville and Seneca, South Carolina sites
will also continue their manufacturing operations.
“We considered numerous criteria in making our decision.” said
Peribere. “We believe Charlotte’s many attributes, including its
solid economy and its reputation for business friendliness,
technology and innovation, make it an ideal place for our employees
to live and work.”
“North Carolina’s business-friendly climate continues to attract
corporate headquarters to the Charlotte region,” said
North Carolina Governor Pat McCrory. “We welcome Sealed Air’s
senior executive team, division and line managers and staff to the
Queen City where they will find big city opportunity with a great
quality of life.”
About Sealed Air
Sealed Air Corporation creates a world that feels, tastes and
works better. In 2013, the Company generated revenue of
approximately $7.7 billion by helping our customers achieve their
sustainability goals in the face of today’s biggest social and
environmental challenges. Our portfolio of widely recognized
brands, including Cryovac® brand food packaging solutions, Bubble
Wrap® brand cushioning and Diversey™ cleaning and hygiene
solutions, ensures a safer and less wasteful food supply chain,
protects valuable goods shipped around the world, and improves
health through clean environments. Sealed Air has approximately
25,000 employees who serve customers in 175 countries. To learn
more, visit www.sealedair.com.
Website Information
We routinely post important information for investors on our
website, www.sealedair.com, in the "Investor Relations" section. We
use this website as a means of disclosing material, non-public
information and for complying with our disclosure obligations under
Regulation FD. Accordingly, investors should monitor the Investor
Relations section of our website, in addition to following our
press releases, SEC filings, public conference calls, presentations
and webcasts. The information contained on, or that may be accessed
through, our website is not incorporated by reference into, and is
not a part of, this document.
Forward-Looking
Statements
Statements in this press release may be “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995 concerning our business, consolidated financial
condition and results of operations. These statements include
comments as to future events that may affect Sealed Air, which are
based upon management’s current expectations and are subject to
uncertainties, many of which are outside Sealed Air’s control.
Forward-looking statements can be identified by such words as
“anticipates,” “expects,” “believes,” “plan,” “could,” “estimate,”
“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 may be revised and updated from time to time by our
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as
filed with the Securities and Exchange Commission. These reports
are available on the Securities and Exchange Commission’s website
at www.sec.gov or our Investor Relations home page at
http://ir.sealedair.com. Information on Sealed Air’s website is not
incorporated into, and does not form a part of, this press release.
Sealed Air does not undertake any obligation to publicly update any
forward-looking statement to reflect events or circumstances after
the date on which any such statement is made or to reflect the
occurrence of unanticipated events.
Sealed Air CorporationInvestor:Lori
Chaitman201-703-4161orMedia:Ken Aurichio201-703-4164
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