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Sealed Air Announces Partnership with Braskem & Naturepedic

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Sealed Air Corporation (SEE - Free Report) , Braskem S.A. (BAK - Free Report) and Naturepedic recently entered into a partnership to create breakthrough formula for renewable polyethylene foam.

Braskem is the largest thermoplastics resins producer in the Americas and the leading producer of biopolymers in the world, while Naturepedic is the leading manufacturer of certified organic mattresses and bedding products in the U.S.

This collaboration was first announced by Sealed Air in Frankfurt, Germany, in Apr 2017. The association of Sealed Air, Braskem and Naturepedic will help customers by creating sustainable solutions in chemicals and plastics.

Renewable polyethylene foam technology is a patent pending innovation which will assist the polyethylene foam industry. This technology will enable customers to further reduce their packaging footprint, with more sustainable and environment friendly solutions while providing protection against damage.

Braskem and Sealed Air will attend the Sustainable Brands Conference, in Detroit, being held from May 22 through 25, to share this innovative product at Braskem's booth at the Good Materials section in the Activation Hub.

Sealed Air has been winning new customers around the world on the back of its innovative platforms, including the Internet of Things, Intellibot robotics, clean-in-place solutions, biodegradable chemistry, dry lube and others. In addition, the company is exploring opportunities to expand existing relationships and grow its brand into new channels.

Share price Performance

Sealed Air has underperformed the Zacks categorized Containers-Paper/Plastic sub-industry over the past one year. The company’s shares lost around 6.5%, while the industry recorded growth of 13.6% during this period.

Sealed Air currently carries a Zacks Rank #5 (Strong Sell).

Some better-ranked stocks in the same sector are AGCO Corporation (AGCO - Free Report) and UFP Technologies, Inc. (UFPT - Free Report) . Both of them boast a Zacks Rank #1 (Strong Buy). You can see  the complete list of today’s Zacks #1 Rank stocks here.

AGCO Corporation has a remarkable positive average earnings surprise of 40.39% for the last four quarters. UFP Technologies generated a positive average earnings surprise of 7.91% over the trailing four quarters.

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