FORTUNE Magazine Names Sealed Air Most Admired "Packaging, Containers" Company in 2006 Survey
Innovation and Quality of Products and Services Help Drive No. 1 Ranking
Saddle Brook, N.J. (March 21, 2006) - Sealed Air Corporation today announced it was recently named No. 1 within the "Packaging, Containers" industry on the 24th annual list of America’s Most Admired Companies by FORTUNE magazine. In addition to receiving the highest overall ranking, Sealed Air scored highest in the areas of Innovation, Employee Talent, Quality of Management, Long-term Investment and Quality of Products and Services.
Sealed Air is recognized globally for its powerful portfolio of brands including Bubble Wrap® cushioning, Cryovac® fresh food packaging, Jiffy® protective mailers and Instapak® foam-in-place packaging. Most recently, the Company has introduced innovative new products to the marketplace including Cryovac® Simple Steps™ packaging for "heat and serve" fresh meats and produce, the Cryovac® saddle pack multi-pocket vacuum package for fresh chicken, the NewAir I.B.™ 200 inflatable packaging system for on-site, on-demand cushioning and Instapak Quick® Room Temperature (RT) foam packaging. In 2005, Sealed Air reported net sales of $4.1 billion.
"We are proud to be recognized for our ongoing commitment to innovation and the development of value-added solutions for our customers," said William V. Hickey, President and Chief Executive Officer of Sealed Air. "Our No. 1 ranking can be attributed to the contributions made by our more than 17,000 employees around the world. It is their dedication and expertise that enable us to create the innovative, high quality packaging solutions that consistently add measurable value to our customers’ businesses."
To compile the Most Admired list, FORTUNE enlisted the help of Hay Group, which sorted the FORTUNE 1,000 and the top foreign companies operating in the U.S. into 65 industry lists, each containing the ten largest companies. Hay then surveyed executives, directors, and analysts, asking them to rate companies in their own industry according to eight criteria: Innovation; People Management; Financial Soundness; Quality of Management; Use of Corporate Assets; Social Responsibility; Long-term Investment; and Quality of Products and Services.
Click here for more information on Sealed Air's Most Admired ranking by FORTUNE magazine.
