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Sealed Air Corporation Announces Sale of Rigid Medical Packaging Business

2013-11-13 06:00:00| Industrial Newsroom - All News for Today

ELMWOOD PARK, N.J. &ndash; Sealed Air Corporation (NYSE:SEE) announced today it has entered into a definitive agreement to sell its rigid medical packaging business to a private equity firm, Mason Wells Buyout Fund III, L.P. Sealed Air expects to receive proceeds of $125 million from the sale.<br /> <br /> Sealed Air's rigid medical packaging business was formed from three previous acquisitions: Nelipak Holdings, Alga Plastics and ATE Costa Rica, which includes facilities in each of Ireland, ...

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