Sealed Air to acquire Automated Packaging Systems for $510m.

Sealed Air agreed to acquire Automated Packaging Systems, a manufacturer of high-reliability, automated bagging systems, for a purchase price of $510m on a cash and debt free basis. “Automated Packaging Systems is a market leader with unique and innovative solutions, complete with automated equipment, materials and services. The addition of APS is well aligned with our Reinvent SEE goal of doubling our innovation rate over the next five years. This transaction expands the breadth of our automated solutions and sustainable packaging offerings, giving us access to growth opportunities in the markets we serve.” Ted Doheny, Sealed Air President and CEO.