Sealed Air sell European food trays business

Sealed Air to sell European food trays business

4:41 AM, 3rd October 2015
Sealed Air to sell European food trays business

CHARLOTTE, US: Sealed Air Corporation said that it has agreed to sell its European food trays business to FaerchPlast A/S, a European food packaging solutions provider. The transaction will include Sealed Air’s manufacturing facilities in Poole, UK and Bunol, Spain, and the closing is anticipated to occur in the fourth quarter of 2015. 

The European food trays businesses generated approximately $71 million in sales for fiscal year 2014.

“As we continue to transform into a knowledge-based company, we want to ensure that our resources are dedicated to support our core businesses and to drive the development of disruptive technologies that will accelerate our growth opportunities. This transaction follows the sale of our North American foam tray and pads business in April 2015,” said Jerome Peribere, president and CEO, Sealed Air.

© Worldofchemicals News

 

 

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Idemitsu Kosan to cease in-house polycarbonate resin production

TOKYO, JAPAN: Idemitsu Kosan Co Ltd said that it will consolidate production of polycarbonate resin, Tarflon, into Formosa Chemicals & Fibre Corpo ...

Read more
Hovione to expand API facility in the US

LOURES, PORTUGAL: Hovione Farmaciencia SA said it will expand its active pharmaceutical ingredients (API) New Jersey facility in East Windsor, US. Thi ...

Read more
Mitsubishi Polyester Film to expand production in US

COLUMBIA, US: Mitsubishi Polyester Film Inc, one of the world’s largest suppliers of polyester film, is expanding its operations in Greer facili ...

Read more
Praxair signs helium sourcing agreement with Castleton in US

DANBURY, US: Praxair Inc said that it has signed a long-term agreement for refining and purchase of helium, with Castleton Commodities International ( ...

Read more
Air Liquide continues investing in Asia for semiconductor industry

PARIS, FRANCE: Since start of 2015, Air Liquide SA said it has signed several new long-term contracts with major semiconductor manufacturers in Japan, ...

Read more
Bayer CropScience opens new oilseed processing centre in Germany

MONHEIM, GERMANY: Bayer CropScience said it inaugurated its new European oilseed processing centre in Monheim, having substantially expanded its platf ...

Read more