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                 Sealed Air: Closes Reflectix Acquisition


 Contact:  Mary A. Coventry
           J. Ryan Flanagan
           (201) 791-7600

                 Sealed Air Corporation Announces Close of
                            Reflectix Acquisition

       Saddle Brook, N.J., July 14, 2000 - Sealed Air Corporation
 (NYSE:SEE) announced today that it had completed the acquisition of
 Reflectix, Inc.

       The cash acquisition had a price of approximately $6.1 million
 and increases Sealed Air's participation in the manufacture and sale of
 reflective insulation products that utilize air cellular technology.

       Sealed Air is engaged primarily in the manufacture and sale of a
 complementary line of food, protective and specialty packaging materials
 and systems. To view Sealed Air's latest financial news online via the
 World Wide Web, visit www.cfonews.com/see


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