Sealed Air Announces Price Increases for Its North American Product Care Products

Thursday, February 15, 2018

CHARLOTTE, NC – February 15, 2018  – Sealed Air Corporation (NYSE:SEE) announced today that it is implementing a price increase on products in its North American Product Care business. The increases will be effective April 1, 2018.

The price adjustments are necessary because of increases in raw materials, freight, and other input costs.

A seven (7) percent price increase will be applied to the following products:

Bubble Wrap® IB Film, Bubble Wrap® Brand Air Cellular Products, Cell-Aire® Packaging Foam and Laminate Products, Fill-Air®Inflatables Film, FloWrap Film, Jiffy® TuffGard® Mailers, Jiffy® ShurTuff ® Mailers, NewAir I.B.® Film, PriorityWrap® Bubble, Shrink Film Products and Materials, Specialty Foams Products and Materials, TempShield Reflective Foil Air Cellular Material, and Wonderfil Film.

A five (5) percent price increase will be applied to the following products:

Consumable Paper for all Sealed Air Paper Systems, PriorityWrap® Rigid Board, Custom Wrap Converted Paper, Kushion Kraft®Converted Paper, Jiffylite® Kraft Bubble Mailers, Jiffy® Utility Mailers, Jiffy® Padded Envelopes, Jiffy Rigi Bag® Mailers, Korrvu®Suspension & Retention, Macerated Pads, and Rapid Fill® Automated Bags.

The business also previously announced increases in the prices of Instapak® products, which are effective March 15, 2018: lnstapak® chemical formulation prices will increase 15 cents per pound, lnstapak® packaging film prices will increase 6 percent and lnstapak Simple® "A" and "B" Component prices will increase 2 percent.

Contact: 

 

Investors:
Lori Chaitman

704.503.8841

 

Media:
Julianna Jacobson

571.236.4256