as nyse see s & p 500 component industry conglomerate founded 1960 founders alfred w. fielding and marc chavannes headquarters charlotte north carolina number of locations 200 area served global key people jerome peribere ceo revenue us 7.7 billion 1 operating income us 602 million 1 net income us 124 million 1 total assets us 9.1 billion 1 total equity us 1.4 billion 1 number of employees about 25 000 2 3 website http www.sealedair.com sealed air corporation is a packaging company known for its brands cryovac food packaging bubble wrap cushioning and diversey cleaning and hygiene . 1 3 4 sealed air corporation has three divisions food care product care and diversey care . 2 jerome peribere is the ceo of the charlotte north carolina headquartered sealed air . 3 5 contents 1 history 2 acquisitions 3 company operations 3.1 brands 3.1.1 bubble wrap 3.1.2 cryovac 3.1.3 diversey 4 references 5 external links history edit in 1957 alfred w. fielding and marc chavannes attempted to invent plastic wallpaper with a paper backing . 6 7 8 9 while the wallpaper failed fielding and chavannes later realized that what they had come up with could be used for packing material . 6 8 9 sealed air was founded in 1960 based on this invention of bubble wrap . 6 7 8 9 that same year sealed air raised 85 000 in its initial public offering . 10 fielding served as executive vice president and director of sealed air until his retirement in 1987 while chavannes worked mostly as a consultant . 8 t.j. dermot dunphy served as ceo from 1971 2000 . 8 10 11 dunphy graduated from oxford university and received his master of business administration from harvard business school . 10 11 he became chairman of kildare enterprises llc in november 2000 after leaving sealed air . 11 while with sealed air dunphy grew sales from 5 million to 3 billion . 12 william hickey served as ceo from 2000 march 2013 . 13 prior to being ceo william hickey served in several capacities at sealed air including coo executive vice president cfo vice president and general manager of the food packaging division and the cellu products division . 13 before working for sealed air he was cpa at arthur young and cfo of w. r. grace and company s latin american operations . 13 in march 2013 peribere took over as ceo and president of sealed air . 14 peribere obtained his business economics and finance degree from institut d tudes politiques in paris france . 14 before working for sealed air peribere worked in several managerial roles with dow chemical company from 1977 2012 . 14 he also served as president and coo of sealed air before taking over as ceo . 14 on july 23 2014 sealed air announced that it would be moving its global headquarters to charlotte north carolina . 15 acquisitions edit in 1970 sealed air acquired smith packaging ltd. which was later renamed sealed air of canada ltd. which marked sealed air going international . 10 in 1971 sealed air marketed a new product . encyclopedia by laminating the aircap cushioning to paper the company now had mail lite padded shipping envelopes . 10 in 1973 sealed air marketed its first product not based on its bubble technology . 10 ply mask is a pressure sensitive polyethylene film used to protect delicate surfaces from scratches . 10 that same year sealed air brought their market to europe by acquiring 10 percent of sibco universal s.a. a french manufacturing firm . 10 over the next few years sealed air bought out the rest of sibco and came up with the sealed air solar blanket . 10 acquired in 1977 instapak foam is expanding polyurethane foam that comes in a variety of densities . 10 16 used primarily for shipping the foam in bag process molds to the shape of the object and expands to fill the void space of its shipping container . 10 16 sealed air acquired cellu products co. and dri loc in 1983 jiffy in 1987 sentinel in 1991 and the shurtuff division of shuford mills inc. in 1993 . 10 17 1994 was a busy year for sealed air with the acquisitions of hereford paper and allied products ltd. sup air pack fill air and packaging companies based in norway france and italy . w.r. grace sold cryovac to sealed air in 1998 for 4.9 billion . 7 18 in june 2000 sealed air purchased dolphin packaging for 119 million to better serve its european customers . 19 in october 2011 sealed air acquired diversey holdings inc. . 18 company operations edit sealed air s food care division makes packaging for the food and beverage industry . 2 sealed air s product care division produces protective and specialty packaging materials for a wide range of goods . 2 3 sealed air s diversey care division creates products for infection prevention kitchen hygiene fabric care building care and consulting . its products are developed for health care food service retail hospitality and facility services . 2 3 brands edit bubble wrap edit initially created as a failed wallpaper bubble was subsequently used as a greenhouse insulator . 10 finally it took on its best known use as a packaging material . 10 in its earliest form bubble wrap suffered from leaky bubbles but by the mid 1960s a special coating was developed to prevent the bubbles from losing air . 10 in 1969 sealed air reported 4 million in sales mostly attributed to bubble wrap as it was still a proprietary product at that time . 10 cryovac edit cryovac is a thin plastic used to shrink or wrap objects . 20 depending on the type of job required of it the plastic comes in a variety of thickness and durability . 20 one of the uses of cryovac is to wrap food . 21 once wrapped most of the air in the package is removed to prevent oxidation and inhibit the growth of most pathogens . 21 this process also gives food a longer shelf life in the refrigerator or freezer and makes freezer burn nearly impossible . 21 cryovac inc. a south carolina based company created this product in the 1950 to extend the shipping distance of freshly slaughtered turkeys for thanksgiving and christmas . 21 diversey edit diversey is a provider of cleaning and hygiene products to the institutional marketplace serving lodging food service retail health care food and beverage companies as well as building service contractors worldwide . 3 references edit a b c d e f sealed air corporation . morningstar . retrieved february 28 2014 . a b c d e form 10 k 2012 . securities and exchange commission . retrieved november 21 2013 . a b c d e f michael burke october 16 2013 . sealed air ceo sees higher profits in next three years . journal times . sealed air corporation . new york times . retrieved november 21 2013 . sealed air . fortune magazine . retrieved november 21 2013 . a b c alfred w. fielding 39 co invented bubble wrap stevens schaefer school of engineering and science . schaefer school of engineering and science . retrieved november 21 2013 . a b c monte burke april 26 2006 . wrap star . forbes . retrieved november 21 2013 . a b c d e patrick seitz august 4 2011 . alfred fielding packaged his invention just right . investor s business daily . retrieved november 21 2013 . a b c 14 investors we love . inc. magazine . retrieved november 21 2013 . a b c d e f g h i j k l m n o p sealed air corp facts information pictures encyclopedia.com articles about sealed air corp . encyclopedia.com . retrieved november 21 2013 . a b c t. j. dunphy forbes . forbes magazine . retrieved november 21 2013 . kildare enterprises . kildare enterprises . retrieved november 21 2013 . a b c william hickey forbes . forbes magazine . retrieved november 21 2013 . a b c d jerome peribere forbes . forbes magazine . retrieved november 21 2013 . http www.charlotteobserver.com 2014 07 23 5061311 another charlotte job announcement.html a b instapak foam in place packaging synergy packaging . synergy packaging . retrieved november 21 2013 . sealed air corporation . ycharts . retrieved november 21 2013 . a b company news ; w.r. grace and sealed air lose ruling in fraud suit . new york times . july 31 2002 . retrieved november 21 2013 . company news ; inventor of bubble wrap plastic to expand in europe . new york times . june 29 2000 . retrieved november 21 2013 . a b shrink film products . mcleod & dewey . retrieved november 21 2013 . a b c d jane lear may 29 2013 . jane says vacuum packing is the easiest diy preserving method . retrieved november 21 2013 . external links edit sealed air retrieved from https en.wikipedia.org w index.php title sealed air & oldid 731105206 categories companies listed on the new york stock exchangepackaging companiescompanies established in 19601960 establishments in new jerseycompanies based in bergen county new jerseyhidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store 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