Sealed Air Tops Industry in Fortune's Most Admired List
ELMWOOD PARK, NJ — Sealed Air has announced that it has been recognized as the most admired company in its industry, according to Fortune Magazine's annual survey.
The annual "Fortune Most Admired Companies" survey ranked Sealed Air first among 12 companies in the packaging and containers industry, including the top ranking in six of the nine categories in which companies are evaluated — innovation, people management, social responsibility, management quality, quality of products and global competitiveness.
"To receive the recognition of our peers and industry analysts reaffirms the dedication our 25,000 employees have for reinventing Sealed Air and how far we have come in the past year, climbing in the survey from fifth to first," said Jerome A. Peribere, president and chief executive officer (CEO) of Sealed Air. "We are additionally proud that this is the third consecutive year we have ranked number one in innovation and social responsibility, which are at the heart of our mission and vision."
Among the survey categories Sealed Air improved the most was "quality of management," moving from ninth for first. The Company also improved four spots in the category of "long-term investment," four spots in the category "use of corporate assets," and two spots in the category of "financial soundness".
Fortune's Most Admired list is based on surveys of 3,900 executives, directors and analysts who rated nearly 700 companies from 30 countries around the world.
Sealed Air Corporation creates a world that feels, tastes and works better. In 2013, the Company generated revenue of approximately $7.7 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(R) brand food packaging solutions, Bubble Wrap(R) brand cushioning and Diversey(TM) cleaning and hygiene solutions, ensures 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 25,000 employees who serve customers in 175 countries. To learn more, visit www.sealedair.com.
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Company statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning our business, consolidated financial condition and results of operations. These statements include comments as to future events that may affect the Company, which are based upon management's current expectations and are subject to uncertainties, many of which are outside the Company's control. Forward-looking statements can be identified by such words as "anticipates," "expects," "believes," "plan," "could," "estimate," "will" and similar expressions. A variety of factors may cause actual results to differ materially from these expectations, including general domestic and international economic and political conditions, changes in our raw material and energy costs, credit ratings, the success of restructuring plans, currency translation and devaluation effects, the competitive environment, the effects of animal and food-related health issues, environmental matters, and regulatory actions and legal matters. For more extensive information, see "Risk Factors" and "Cautionary Notice Regarding Forward-Looking Statements," which appear in our most recent Annual Report on Form 10-K, as may be revised and updated from time to time by our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as filed with the Securities and Exchange Commission. These reports are available on the Securities and Exchange Commission's website at www.sec.gov or our Investor Relations home page at http://ir.sealedair.com. Sealed Air does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.