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Sealed Air: Company Fact Sheet

Sealed Air Corporation
Park 80 East
Saddle Brook, New Jersey

Founded: 1960

Corporate Description: Sealed Air Corporation is a leading global manufacturer of a wide range of protective, food, and specialty packaging materials and systems.

Products:

Protective Packaging - Instapak® polyurethane foam packaging systems; Bubble Wrap® air cellular cushioning materials; Jiffy^TM and other protective and durable mailers and bags; Cell-Aire® and Polylam® polyethylene foam; Korrvu® suspension and retention packaging; and certain paper-based protective packaging materials and systems.

Food Packaging - Cryovac® barrier and controlled permeability bags; Cryovac® case ready systems for centrally packaged consumer unit meat products; Cryovac® foam trays for supermarkets and meat processors; Cryovac® TBG bags for bone-in meat products; Darfresh^TM vacuum-skin packging for trayed consumer units; Dri-Loc® and Pad-Loc® absorbent pads for meat, fish, and poultry retail packaging; Intact^TM vacuum-skin packaging systems; Tuf-flex^TM Gas Flush Pouches for bulk or retail food packaging; Vertical Form/Fill/Seal systems for hot and cold pumpable foods; and Omicron^TM rigid plastic cups and tubs for dairy products.

Other - Specialty adhesive products and recreation and energy conservation products, Primary container material for general and specialized parenteral drug products, Multi-layer films for comfort and odor control for ostomy devices.

Nine-Month 1998/1997 Pro Forma Financial Highlights⁽¹⁾:

($millions)

1998

1997

Net Sales
$1,998

$1,968

Gross Profit
696

700

Operating Profit
281

295

EBITDA
444

433

12-Month 1997/1996 Pro Forma Financial Highlights⁽¹⁾:

($millions)

1997

1996

Net Sales
$2,675

$2,530

Gross Profit
955

875

Operating Profit
412

344

⁽¹⁾ Financials exclude restructuring and other charges including $111 million taken in the third quarter of 1998.

Key Management:

T. J. Dermot Dunphy Chairman and Chief Executive Officer

William V. Hickey President and Chief Operating Officer

Daniel S. Van Riper Senior Vice President and Chief Financial Officer

Number of Employees: 14,500

Facilities: Over 90 facilities in 45 countries

Over 30 packaging/applications labs globally

Stock Information: Outstanding Shares as of September 30, 1998:

83,424,661 Common

35,941,851 Convertible Preferred

Listed on the New York Stock Exchange (NYSE: SEE)

Products:	Protective Packaging - Instapak® polyurethane foam packaging systems; Bubble Wrap® air cellular cushioning materials; Jiffy^TM and other protective and durable mailers and bags; Cell-Aire® and Polylam® polyethylene foam; Korrvu® suspension and retention packaging; and certain paper-based protective packaging materials and systems.
	Food Packaging - Cryovac® barrier and controlled permeability bags; Cryovac® case ready systems for centrally packaged consumer unit meat products; Cryovac® foam trays for supermarkets and meat processors; Cryovac® TBG bags for bone-in meat products; Darfresh^TM vacuum-skin packging for trayed consumer units; Dri-Loc® and Pad-Loc® absorbent pads for meat, fish, and poultry retail packaging; Intact^TM vacuum-skin packaging systems; Tuf-flex^TM Gas Flush Pouches for bulk or retail food packaging; Vertical Form/Fill/Seal systems for hot and cold pumpable foods; and Omicron^TM rigid plastic cups and tubs for dairy products.
	Other - Specialty adhesive products and recreation and energy conservation products, Primary container material for general and specialized parenteral drug products, Multi-layer films for comfort and odor control for ostomy devices.

Nine-Month 1998/1997 Pro Forma Financial Highlights⁽¹⁾:
($millions)
	1998	1997
Net Sales	$1,998	$1,968
Gross Profit	696	700
Operating Profit	281	295
EBITDA	444	433


12-Month 1997/1996 Pro Forma Financial Highlights⁽¹⁾:
($millions)
	1997	1996
Net Sales	$2,675	$2,530
Gross Profit	955	875
Operating Profit	412	344

Key Management:
T. J. Dermot Dunphy	Chairman and Chief Executive Officer
William V. Hickey	President and Chief Operating Officer
Daniel S. Van Riper	Senior Vice President and Chief Financial Officer

Number of Employees:	14,500

Facilities:	Over 90 facilities in 45 countries
	Over 30 packaging/applications labs globally

Stock Information:	Outstanding Shares as of September 30, 1998:
	83,424,661 Common
	35,941,851 Convertible Preferred
	Listed on the New York Stock Exchange (NYSE: SEE)