Sealed Air to Offer Plantic™ Bio-Based Food Packaging in the United States, Canada and Mexico
HOUSTON, Texas & CHARLOTTE, N.C., June 5, 2018– Sealed Air Corporation (NYSE:SEE) has entered into an agreement with Kuraray America, Inc. (Kuraray), a Japanese chemical company, to offer food packaging materials derived from its Plantic™ bio-based resins.
“We are expanding our portfolio of sustainable solutions with Plantic’s bio-based materials. This solution enables us to offer a renewable packaging option and continue helping the industry address food waste by extending the shelf-life and freshness of food,” said Karl Deily, President of Sealed Air Food Care.
Through this new cooperation with Kuraray, Sealed Air will offer Plantic materials to package perishable foods such as poultry, beef and seafood in the U.S., Canada and Mexico. The materials provide a highly effective oxygen barrier that is also cost competitive with traditional rollstock barrier films.
“This investment not only accelerates Sealed Air’s commitment to renewability, recyclability and innovation, it is also an important pivot point for expanding the market leadership of the Cryovac® and Bubble Wrap® brands,” said Ted Doheny, Sealed Air President and Chief Executive Officer.
“This agreement with Sealed Air expands the options for sustainable bio-based barrier packaging that will benefit consumers, retailers and processors equally,” stated Robert Armstrong, General Manager of EVAL and Plantic, Kuraray America, Inc. “Plantic materials set a new standard for bio-based barrier packaging performance, provide unmatched sustainability metrics and can be recycled through traditional streams in some countries including Australia.”
About Sealed Air
Sealed Air Corporation is a knowledge-based company focused on packaging solutions that help 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 and Bubble Wrap® brand cushioning, enable a safer and less wasteful food supply chain and protect valuable goods shipped around the world. Sealed Air generated $4.5 billion in sales in 2017 and has approximately 15,000 employees who serve customers in 122 countries. To learn more, visit www.sealedair.com.
Founded in 1926 in Kurashiki, Japan, Kuraray Co., Ltd. is a world leader in performance-based polymer and synthetic chemistry technologies, including resins, chemical, fibers and textiles. It was the first entity in the world to bring ethylene vinyl alcohol (EVOH) polymers to market. The company operates 19 subsidiaries around the world, including Kuraray America, Inc., which is headquartered in Houston. The U.S. division is a world leader in barrier polymer material with products like EVAL™ EVOH and Plantic, a bio-based polymer with barrier properties. For more information, visit www.evalevoh.com.
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