LIQUI-BOX

SEE (NYSE: SEE) today announced that it has signed a definitive agreement to acquire Liquibox, a pioneer, innovator and manufacturer of Bag-in-Box sustainable Fluids & Liquids packaging and dispensing solutions for fresh food, beverage, consumer goods and industrial end-markets. This acquisition is highly complementary to Cryovac Fluids & Liquids business, the fastest growing area for SEE. Fluids & Liquids flexible packaging solutions are a $7 Billion addressable potential revenue opportunity with an attractive projected annual growth rate of approximately 6%. “This is an exciting day for SEE. “We look forward to welcoming Liquibox’s talented team. Both of our cultures strive for world-class performance and place strong emphasis on talent, sustainability, innovation and operational excellence. ” Founded in 1961, Liquibox is headquartered in Richmond, Va. , employs more than 1,300 people and operates across 18 locations globally. The company estimates 2022 full year revenue of $362M. Its Bag-in-Box business is comprised of fountain beverage syrup, milkshake mix, dairy, coffee, water, wine, liquid foods and industrial applications. The company recently launched the award-winning Bag-in-Box Liquipure that is recycle-ready and aims to replace metallic laminated bags, and Liquibox Orbiter, a fully automatic, six-head rotary filler that increases productivity for high volume operations. “We look forward to partnering closely with the team at SEE. “This move broadens the breadth of Cryovac solutions, making our portfolio stronger and more resilient as SEE navigates recessionary environments,” continued Doheny. “We will generate strong synergies and accelerate innovation by combining Cryovac’s barrier bags and films and technology for fresh foods with Liquibox Bag-in-Box dispensing capabilities, unleashing significant value creation to our customers and shareholders. This packaging format is increasing penetration even in mature industries for its sustainability profile and shelf-life benefits. Tailwinds from sustainability and e-commerce secular shifts are accelerating the conversion from rigid containers to flexibles. In past economic downturns, the category has been more resilient than others, outperforming GDP. Liquibox has a strong financial profile and track record of growth and expects 2022 full year revenue and Adj. EBITDA of $362M and $85M respectively. This transaction is a new opportunity to leverage SEE’s proprietary M&A playbook to drive acquisitions to successful outcomes, as demonstrated with the recent case of Automated Packaging Systems. Liquibox filler equipment technology provides an attractive source of growth for SEE Automation. Liquibox solutions and patented technologies are aligned with SEE’s net positive circular ecosystem strategy. Purchase price of $1. 15B on a cash-free debt-free basis represents an estimated EV/Adj. EBITDA multiple of 13. 5x and a multiple of 10x after factoring in only cost synergies. SEE Adj. EPS, exclusive of purchase accounting, will be accretive immediately after close. SEE has secured $1. 0B of committed debt financing with the balance of the consideration to be paid with cash on hand. As of September 30, 2022, SEE had $1. 4B of liquidity consisting of $1. 1B available under our committed credit facilities and $249M in cash. Subject to the receipt of applicable regulatory approvals and other customary closing conditions, the transaction is currently expected to be completed in the first quarter of 2023,. Sealed Air (NYSE: SEE) is in business to protect, solve critical packaging challenges, and make our world better than we find it. We are committed to a diverse workforce and caring, inclusive culture through our 2025 Diversity, Equity and Inclusion pledge. We routinely post important information for investors on our website, sealedair. com, in the Investors section. We use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. 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. This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 concerning our business, consolidated financial condition and results of operations. Forward-looking statements are subject to risks and uncertainties, many of which are outside our control, which could cause actual results to differ materially from these statements. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. The following are important factors that we believe could cause actual results to differ materially from those in our forward-looking statements: global economic and political conditions, currency translation and devaluation effects, changes in raw material pricing and availability, competitive conditions, the success of new product offerings, consumer preferences, the effects of animal and food-related health issues, the effects of epidemics or pandemics, including the Coronavirus Disease 2019, negative impacts related to the ongoing conflicts between Russia and Ukraine and related sanctions, export restrictions and other counteractions thereto, changes in energy costs, environmental matters, the success of our restructuring activities, the success of our merger, acquisition and equity investment strategies, the success of our financial growth, profitability, cash generation and manufacturing strategies and our cost reduction and productivity efforts, changes in our credit ratings, the tax benefit associated with the Settlement agreement (as defined in our most recent Annual Report on Form 10-K), regulatory actions and legal matters, and the other information referenced in the “Risk Factors” section appearing in our most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, and as revised and updated by our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Information reconciling forward-looking U. S. GAAP measures to non-U. We have not provided guidance for the most directly comparable U. These items are uncertain, depend on various factors, and could be material to our results computed in accordance with U. CHARLOTTE, N. C. --()--Sealed Air Corporation (“SEE”) (NYSE: SEE) today announced that its previously announced cash tender offer (the “Tender Offer”) for any and all of its 5. 125% senior notes due 2024 (the “Notes”) expired at 5:00 p. m. New York City time, on November 15, 2023 (the “Expiration Date”). According to information provided by Global Bondholder Services Corporation, the Depositary and Information Agent for the Tender Offer, $202,549,000 aggregate principal amount of the N. The Total Consideration was determined in the manner des. The Notes will be jointly and severally, and irrevocably and unconditionally, guaranteed on a senior unsecured basis by each of SEE’s existing and future wholly owned domestic subsidiaries that guarantee its senior secured credit facilities, s. When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. This may impact the content and messages you see on other websites you visit. With a global presence, we provide responsive local support, ensuring you have access to our expertise whenever and wherever you need it. Looking for career opportunities at Liquibox? Please visit https://jobs. sealedair. com/ for information on all posted positions, job inquiries and application submissions globally. * Many institutions, such as hospitals, schools, hotels, and restaurants, are exploring alternative packaging options to traditional rigid containers for chemicals and cleaning products. Bag-in-box offers benefits like reduced plastic use, improved storage efficiency, and easier dispensing. However, transitioning isn't always straightforward. Vote now, share your thoughts in the comments and check back on Earth Day for more! 🌱

• 🌟 Energized and inspired after an incredible few days in Dallas! 🌟 Last week, the Liquibox® and CRYOVAC® teams came together for a dynamic three-day event filled with collaboration, strategy, and forward-thinking discussions. From insightful sessions to engaging breakout groups, we strengthened our vision and reinforced our commitment to delivering top-tier solutions for our customers. We believe innovation thrives when great minds come together. With the combined strength of our team, we are ready to take on 2025 with smarter packaging solutions, stronger partnerships, and an unwavering focus on delivering value across industries. A huge THANK YOU to everyone who participated and contributed—your energy and dedication make all the difference. On Earth Day, let’s commit to solutions that make a real difference—because smarter design means a more sustainable future. 🌎
• • 🎉It’s Day One of ! Stop by booth C-31141 to kick off the event with us! Strategize for success with our packaging experts and experience our time-tested, future-ready solutions in action. But what if there’s a better way? Let’s see your guesses below! ⬇️ And stay tuned for some eye-opening insights!