Sealed Air Corp.


SEE

Price

31.66


Change

0.16


High

31.778


Low

30.95


Avg Volume

1,616,475


PE Ratio

13.42


52 Week High

47.37


52 Week Low

28.17



Profile

Sealed Air Corporation is a packaging company known for its brands: Cryovac food packaging and Bubble Wrap cushioning packaging. It sold off its stake in Diversey Care in 2017. Headquartered in Charlotte, North Carolina, its current CEO is Ted Doheny. In 1957, American engineer Alfred W. Fielding and Swiss inventor Marc Chavannes attempted to invent plastic wallpaper with a paper backing. While the wallpaper failed, Fielding and Chavannes later realized that what they had come up with could be used for packing material. Sealed Air was founded in 1960 based on this invention of Bubble Wrap. The same year, Sealed Air raised $85,000 in its initial public offering. Fielding served as executive vice president and director of Sealed Air until his retirement in 1987, while Chavannes worked mostly as a consultant.


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