Sealed Air Corp. (NYSE: SEE), Elmwood Park, NJ, reported sales for the first quarter of $1.6 billion, down 8.9 percent compared to the same period a year earlier. Profit decreased 5.5 percent to $91.9 million.
First quarter food care division sales were down 13.1 percent year-over-year, diversey care division sales were down 5.7 percent, and product care division sales were down 3.3 percent.
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