SEALED AIR INVESTS IN GASTROMOTIVA TO IMPROVE FOOD SECURITY WORLDWIDE 

Collaboration responds to the urgent global food crisis heightened by COVID-19
Tuesday, October 6, 2020

CHARLOTTE, N.C. – Sealed Air Corporation (NYSE: SEE) today announced a three-year partnership with Gastromotiva, a nonprofit organization based in Brazil that uses the power of gastronomy, food, and education to address social inequality, improve nutrition education, fight hunger, eliminate food waste, and create local jobs.

Partnership and Collaboration

Since 2006, Gastromotiva has served more than 500,000 meals, recovered more than 220,000 pounds of food and engaged more than 100,000 people worldwide in nutrition education. Sealed Air’s investment will empower Gastromotiva to achieve food security goals that align across three pillars:

  • Education: Sealed Air and Gastromotiva will co-create a global education module on sustainable packaging and food waste reduction for students to learn more about innovations that minimize food waste. 
  • Workforce Development: Sealed Air and Gastromotiva will develop a system to connect low-income youth and other vulnerable populations with Gastromotiva partners for job opportunities and career development.
  • Expansion: Gastromotiva will standardize its educational methodology and develop an integrated educational platform for expansion to strategic locations in Brazil and Mexico, which will ensure vulnerable communities have access to the Gastromotiva network of NGOs and partners working to create a sustainable food system.

“Sealed Air is excited to partner with Gastromotiva to help further its expansion, education, and workforce development initiatives,” said Tobias Grasso, Sealed Air’s President of the Americas. “Now, more than ever, hunger is a critical issue and we are proud to use our expertise in food packaging, sustainability, food security, technology, and innovation to help solve this issue. Sealed Air’s mission is to leave our world better than we found it, and this partnership is a meaningful step in that direction.”

Food Security Around the World

A recent report by the United Nations estimates that nearly 690 million people are currently hungry – up by 10 million people in one year and by nearly 60 million in five years. COVID-19 has amplified food insecurity and hunger, deepening the crisis in affected areas and creating new hot spots across the world. At the same time, nearly one-third of the world’s food is wasted. Food production and supply chain interruptions, as well as loss of incomes globally, have compounded food security risks, creating another global crisis.

The Sealed Air/Gastromotiva collaboration and others like it are critical to addressing global food security issues. As a leader in the food packaging industry, Sealed Air’s decades of experience will assist Gastromotiva in its goal to reduce hunger and food waste for some of the world’s most vulnerable populations.

“Since 2006, all of our projects have used food as a tool for social change, what we call social gastronomy. Today Gastromotiva signs a three-year partnership with Sealed Air, which will enable us to multiply our impact not only in Brazil but worldwide while preserving the environment for future generations,” said David Hertz, founder of Gastromotiva. “With Sealed Air, we will expand our educational methodology, develop innovation and technology projects, and co-create an educational module on sustainability and waste reduction. With clear goals and focus on results, we seal, with much enthusiasm and gratitude, this relationship of great exchange and trust,” Hertz said.

About Sealed Air

Sealed Air is in business to protect, to solve critical packaging challenges, and to leave our world better than we found it. Our portfolio of leading packaging solutions includes CRYOVAC® brand food packaging, SEALED AIR® brand protective packaging, AUTOBAG® brand automated systems, and BUBBLE WRAP® brand packaging, which collectively enable a safer, more efficient food supply chain and protect valuable goods shipped around the world. Sealed Air generated $4.8 billion in sales in 2019 and has approximately 16,500 employees who serve customers in 124 countries. To learn more, visit sealedair.com.

About Gastromotiva

Gastromotiva, through connections, collaborations and partnerships, offers professional training, creates opportunities for people living in a situation of socioeconomic vulnerability and awareness about the way of consumption and production of food, throughout the food chain. Based on the experience accumulated over more than a decade of work and social impact in Brazil, Mexico, South Africa and El Salvador, Gastromotiva's methodology model proved to be adaptable in different social contexts, but that somehow face the same economic issues. Thus, Gastromotiva’s scalability consists of methodizing its best practices and inclusive and innovative way of teaching Gastronomy and, at the same time - through cross-sector partnerships and a network of actors - creating opportunities in the job market for people in vulnerability.

Website Information

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. Accordingly, investors should monitor the Investors section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. 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. 

Forward-Looking Statements

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. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements can be identified by such words as “anticipate,” “believe,” “plan,” “assume,” “could,” “should,” “estimate,” “expect,” “intend,” “potential,” “seek,” “predict,” “may,” “will” and similar references to future periods. 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. Examples of forward-looking statements include, among others, statements we make regarding expected future operating results, expectations regarding the results of restructuring and other programs, anticipated levels of capital expenditures and expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities and governmental and regulatory investigations and proceedings. 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, pandemics, changes in energy costs, environmental matters, the success of our restructuring activities, 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. Any forward-looking statement made by us is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

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Lori Chaitman
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Christina Griffin
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Gastromotiva
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Julia Simōes Dannemann
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