Sealed Air Corp. will close its Carrollton, Texas, plant Nov. 18, eliminating 49 of 69 jobs and moving production to a plant 225 miles away in Austin, Texas.
Some of the remaining workers will continue with the packaging giant at another facility, Sealed Air said in a Sept. 21 statement to Plastics News. The company declined to reveal how many employees or the location.
The decision to close the plant came after a routine assessment of business operations "to meet customer demands and ensure efficient processes," the statement said. "Sealed Air has been working to optimize our production operations in order to drive improved productivity and efficiency."
The company first disclosed the plan in a Sept. 8 notice to the Texas Workforce Commission, as required under the federal Worker Adjustment and Retraining Notification (WARN) Act.
In other company news, Sealed Air directors voted Aug. 31 to extend the contract of President and CEO Ted Doheny through Dec. 31, 2027. Doheny has held both positions since 2018.
Charlotte, N.C.-based Sealed Air makes flexible and protective packaging for food, electronics, pharmaceuticals, transportation and consumer goods. Its products include Bubble Wrap, mailers and Cryovac pouches.
The company ranked No. 5 in Plastics News' current survey of North American film and sheet makers, with relevant annual sales estimated at $1.8 billion. The company has 12 film plants in North America.
Globally, Sealed Air reported $5.5 billion in 2021 sales, up 13 percent from the year before, and net profit of $491 million, up 1 percent. The company employs about 16,500.