Sealed Air Corp. (NYSE: SEE), Charlotte, NC, reported sales for the first quarter of $1 billion, up 2.6 percent compared to the same period a year earlier. The company reported a loss of $43.2 million.
First quarter food care division sales were up 2.7 percent year-over-year and product care division sales were up 2.5 percent. On March 27, 2017, Sealed Air entered into a definitive agreement to sell diversey to Bain Capital Private Equity for $3.2 billion. The transaction is expected to close in early September.
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