Sealed Air Receives 2018 World Dairy Innovation Award
Sealed Air’s (NYSE: SEE) Cryovac® Darfresh® on Board, a vacuum skin packaging system, has received a 2018 World Dairy Innovation Award in the Best Manufacturing & Innovation Process category. The program celebrates excellence and innovation achieved by leading-edge companies around the world across every category of the global dairy industry.
An exclusive development of Sealed Air and G. Mondini S.p.A., this unique vacuum skin packaging system with flat cardboard base is designed specifically for case-ready and dairy-solid products. It uses an innovative, patented technology that eliminates film waste while increasing productivity. Since the flat support is less bulky than trays used in standard modified atmosphere packaging (MAP), the packaging system is also able to reduce transportation and storage space by up to 80 percent.
“This is an outstanding recognition and we’re proud that Cryovac Darfresh on Board is demonstrating innovation with the dairy industry and our customers,” said John Dawson, Global Marketing Director for Dairy at Sealed Air Food Care. “In addition to superior freshness, this sustainable product allows the consumer to responsibly dispose of the material and recycle the cardboard.”
Since shelf life is extended, processors and retailers are also able to decrease food waste and shrink while also reducing the food and packaging carbon footprint by up to 70 percent versus MAP.
This year’s World Dairy Innovation Awards winners were revealed on June 20 during a special event at the Global Dairy Congress in Warsaw, Poland. To learn more about this award and Cryovac Darfresh on Board, visit www.foodbev.com/worlddairyinnovationawards or sealedair.com.
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.
We routinely post important information for investors on our website, www.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 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.
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 and results of operations. 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 “anticipates,” “believes,” “plan,” “assumes,” “could,” “should,” “estimates,” “expects,” “intends,” “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, 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, currency translation and devaluation effects, changes in raw material pricing and availability, competitive conditions, the success of new product offerings, consumer preferences, the effects of animal and food-related health issues, pandemics, changes in energy costs, environmental matters, the success of our restructuring activities, 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 2017 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 statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.