CHARLOTTE, N.C.---Nov. 7, 2016-- Sealed Air Corporation (NYSE: SEE) today announced the launch of its StealthWrapTM ultra durable cartoning solution, a patented micro-layer, opaque cartoning alternative which allows primary package cartons to be protected for transit without the need for outer boxes or additional packaging materials.
The company also announced that XPO Logistics (NYSE: XPO), a leading global provider of transportation and supply chain solutions, will be the first to bring this innovative packaging solution to market in the logistics industry. XPO is deploying StealthWrapTM in several distribution centers where it fulfills and ships e-commerce orders for customers.
StealthWrapTM is a uniquely engineered packaging product that provides security and protection while eliminating the need for extra shipping cartons and packing materials. When applied, StealthWrapTM shrinks and adheres to the dimensions of the product, obscures any markings or identification of the product inside, and provides a strong, damage-resistant covering.
"Consumers have become accustomed to receiving a box within a box within a box, and while the material waste and inefficiency of that kind of packaging method is evident, it has long been the only method available to provide adequate protection for the manufactured item in its original packaging," said Kenneth P. Chrisman, President of Sealed Air's Product Care Division.
"The high-performance capabilities of StealthWrapTM can truly eliminate a significant amount of corrugated cartons from the global supply chain, bringing unprecedented simplicity, sustainability, and cost efficiency to retailers, large-scale fulfillment operations, and third-party logistics providers," concluded Chrisman.
Ashfaque Chowdhury, President-Supply Chain, Americas and Asia Pacific for XPO Logistics, said, "We've been piloting StealthWrapTM over the last few months, and early results point to opportunities to create efficiencies, eliminate waste, mitigate damage and reduce costs. It's a product that fits nicely into our strategy to leverage innovations for the benefit of our customers. We're proud to be the first in our industry to utilize StealthWrapTM in e-commerce logistics operations."
Sealed Air StealthWrapTM will be available in North America beginning in December 2016 with global availability in the first quarter of 2017.
Sealed Air Corporation creates a world that feels, tastes and works better. In 2015, the Company generated revenue of approximately $7.0 billion by helping our customers achieve their sustainability goals in the face of today's biggest social and environmental challenges. Our portfolio of widely recognized brands, including Cryovac® brand food packaging solutions, Bubble Wrap® brand cushioning and Diversey® cleaning and hygiene solutions, enables a safer and less wasteful food supply chain, protects valuable goods shipped around the world, and improves health through clean environments. Sealed Air has approximately 23,000 employees who serve customers in 169 countries. To learn more, visit www.sealedair.com.
We routinely post important information for investors on our website, www.sealedair.com, in the "Investor Relations" section. We use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investor Relations section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.
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