September 26, 2023

SEE (NYSE: SEE), formerly Sealed Air, a leading provider of innovative packaging solutions, announced its proposed alliance with Sparck Technologies's, a global provider of 3D automated packaging solutions, where SEE will be the exclusive distributor of Sparck Technologies’s CVP (3D) Automated Packaging Solutions in Australia, New Zealand, Japan, and South Korea. The alliance will give SEE's customers access to industry-leading automated packaging systems and enable them to improve operations and create a safer working environment.

Sparck Technologies's CVP Automated Packaging Solutions are inline auto-packers capable of producing up to 1,100 packages per hour. Designed for multiple and single item orders, the CVP Everest and CVP Impack packaging systems provide automated solutions for e-commerce operations facing challenges such as order volume increases, labor shortages, and sustainability goals. With installations in Europe, the U.S., and Canada, CVP Automated Packaging Solutions streamline the process by creating, filling, folding, and labeling each parcel in one seamless operation, resulting in a 50% reduction in package volume, 30% less corrugated cardboard use, and the elimination of void fill.

Sparck Technologies's three-dimensional (3D) right-sizing automated packaging solutions are designed to be reliable, efficient, and easy-to-use, making them the perfect fit for SEE's customers. With its innovative technology and extensive experience in the packaging industry, Sparck Technologies is a trusted provider of automated packaging solutions that will help SEE's customers optimize their business operations.​

​“SEE looks forward to partnering with Sparck Technologies and is confident the collaboration will revolutionize the way businesses in the Asia Pacific region approach packaging operations,” said Gareth Reynolds, SEE’s Vice President of APAC Digital, Equipment and Automation. “SEE is focused on increasing its equipment offerings to help customers automate packaging processes to improve efficiencies, eliminate waste, and simplify processes.”

“We’re delighted to partner with SEE in bringing our award-winning, right-size packaging technology to the Asia Pacific region,” said Richard Nijboer, Director of Sales & Services at Sparck Technologies. “As is the case worldwide, many e-commerce businesses face escalating challenges when it comes to building capacity within their fulfilment operations. Our automated boxing technology goes a long way to solving those issues and this alliance with SEE will enable us to further support businesses in the Asia Pacific region.”

About SEE

SEE (NYSE: SEE) is in business to protect, to solve critical packaging challenges, and to make our world better than we find it. Our automated packaging solutions promote a safer, more resilient, and less wasteful global food, fluids and liquids supply chain, enable e-commerce, and protect goods in transit from damage.

The company, under its former trade name, Sealed Air, announced its new SEE corporate brand and logo in May 2023.

Our globally recognized solution brands include CRYOVAC^® food packaging, LIQUIBOX^® fluids and liquids systems, SEALED AIR^® protective packaging, AUTOBAG^® automated packaging systems, BUBBLE WRAP^® packaging, SEE Automation^™ and prismiq^™ digital packaging and printing.

Our partnership with customers creates value through sustainable, automated, and digital packaging solutions, leveraging our industry-leading expertise in materials, automation systems, engineering and technology. 

Our SEE Net Positive Circular Ecosystem is leading the packaging industry in creating a more environmentally, socially, and economically sustainable future. We have pledged to design or advance 100% of our packaging materials to be recyclable or reusable by 2025, with a bolder goal to reach net-zero carbon emissions in our global operations by 2040.

Our Global Impact Report highlights how we are shaping the future of the packaging industry. We are committed to a diverse workforce and a caring, inclusive culture through our 2025 Diversity, Equity and Inclusion pledge. 

SEE generated $5.6 billion in sales in 2022 and has approximately 17,300 employees (including Liquibox employees) who serve customers in 120 countries/territories. To learn more, visit sealedair.com.

About Sparck Technologies

Sparck Technologies is a vibrant tech company with nearly a century of automation experience. We pride ourselves on being driven by human expertise and a relentless pursuit of automation advancements. At Sparck, we specialize in designing, building, and developing right-size automated packaging solutions for businesses challenged by increasing order volumes, labour shortages, and rising shipping costs. By automating the process of manual packing with high-tech machines, our CVP Impack and CVP Everest can reliably produce over 40 million different airtight box sizes for every order. With the ability to tailor-make up to 1,100 packages per hour of single- or multi-item orders, our automated packaging solutions offer high volume throughput combined with unparalleled flexibility that contributes to sustainability initiatives. https://sparcktechnologies.com

Website Information

We routinely post important information for investors on our website, sealedair.com, in the Investors 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 Investors 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

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 concerning our business, consolidated financial condition, results of operations and cash flows. Forward-looking statements are subject to risks and uncertainties, many of which are outside our control, which could cause actual results to differ materially from these statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements can be identified by such words as “anticipate,” “believe,” “plan,” “assume,” “could,” “should,” “estimate,” “expect,” “intend,” “potential,” “seek,” “predict,” “may,” “will” and similar references to future periods. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements.

Examples of forward-looking statements include, among others, statements we make regarding expected future operating results, expectations regarding the results of restructuring and other programs, expectations regarding future impacts resulting from the Liquibox acquisition, anticipated levels of capital expenditures and expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities and governmental and regulatory investigations and proceedings. 

The following are important factors that we believe could cause actual results to differ materially from those in our forward-looking statements: global economic and political conditions, including recessionary and inflationary pressures, currency translation and devaluation effects, changes in raw material pricing and availability, competitive conditions, the success of new product offerings, failure to realize synergies and other financial benefits from the acquisition of Liquibox within the expected time frames, greater than expected costs or difficulties related to the integration of Liquibox, consumer preferences, the effects of animal and food-related health issues, the effects of epidemics or pandemics, including the Coronavirus Disease 2019, negative impacts related to the ongoing conflicts between Russia and Ukraine and related sanctions, export restrictions and other counteractions thereto, changes in energy costs, environmental matters, the success of our restructuring activities, the success of our merger, acquisition and equity investment strategies, the success of our financial growth, profitability, cash generation and manufacturing strategies and our cost reduction and productivity efforts, changes in our credit ratings, the tax benefit associated with the Settlement agreement (as defined in our 2022 Annual Report on Form 10-K), regulatory actions and legal matters and the other information referenced in the “Risk Factors” section appearing in our most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, and as revised and updated by our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement made by us is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.