| Business Summary | | Sealed
Air
Corporation,
operating
through
its
subsidiaries,
is
engaged
in
the
manufacture
and
sale
of
a
wide
range
of
food,
protective
and
specialty
packaging
products.
The
Company
conducts
substantially
all
of
its
business
through
two
direct
wholly
owned
subsidiaries,
Cryovac,
Inc.
and
Sealed
Air
Corporation
(US).
These
two
subsidiaries
directly
and
indirectly
own
substantially
all
of
the
assets
of
the
business
and
conduct
operations
themselves
and
through
subsidiaries
around
the
globe.
The
Company
operates
in
the
United
States
and
in
45
other
countries,
and
its
products
are
distributed
in
those
countries
as
well
as
in
other
parts
of
the
world.
In
recent
years,
the
Company
has
extended
its
protective
packaging
operations
into
countries
where
the
Company
previously
had
established
food
packaging
operations,
including
several
European,
Latin
American
and
Asia/Pacific
countries
and
South
Africa,
as
well
as
also
extending
its
protective
packaging
operations
into
Israel. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SEE
(NEW)
is
a
global
manufacturer
of
a
wide
range
of
protective
and
specialty
packaging
materials
and
systems,
including
polyurethane
packaging
systems
and
foams,
air
cellular
cushioning
materials,
food
packaging
materials
and
others.
For
the
six
months
ended
6/30/01,
net
sales
rose
1%
to
$1.52
billion.
Net
income
applicable
to
Common
fell
35%
to
$50.3
million.
Results
reflect
additional
revenues
from
newly
acquired
businesses,
offset
by
higher
debt
outstanding. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Hickey, 56 Pres,
CEO, Director | $730K | Daniel Van Riper, 60 Sr.
VP and CFO | 347K | Robert Pesci, 55 Sr.
VP | 546K | Jonathan Baker, 48 VP | -- | James Bixby, 57 VP | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|