The sale includes Sealed Air’s manufacturing facilities in Paxinos and Reading, PA, Indianapolis, IN, Rockingham, NC and Grenada, MS. In 2014, Sealed Air’s North American foam tray and absorbent pads businesses generated approximately $214 million in sales to the Company’s Food Care division.

“The decision to divest is another step in how we Re-Imagine™ Sealed Air and our commitment to a disciplined approach to portfolio management” said Jerome A. Peribere, President & CEO, Sealed Air. In 2014, the company generated revenue of approximately $7.8 billion.

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