Sealed Air Announces North American Price Increase

ELMWOOD PARK, NJ—October 8, 2013—Sealed Air announced that price increases ranging from 4-9 percent for most products in the company's Food Care and Product Care divisions in North America would take place. The actions taken are the direct result of recent significant price increases announced last month by major petrochemical suppliers in the North American market, including most recently an increase on polyethylene (PE), a major raw material for the packaging industry, retroactive to September 1. On a cumulative basis since last December, the PE suppliers have increased prices 16 percent, despite low ethane costs but tightening PE capacity utilizations. Sealed Air's price increases will be effective as of November 1 at the latest, or as allowed by existing contracts.