Currency headwinds were not strong enough to hold back growth in Sealed Air’s hygiene and food care businesses, said the company’s CEO Jerome Peribere. Sealed Air’s first quarter 2015 net sales of $1.7 billion decreased 4.4% as reported, but increased 3.5% on a constant dollar basis. First quarter earnings surged 64% to of $0.54 per share. The company’s food care net sales of $880 million in the first quarter decreased 2.7%, but rose 5.8% in constant dollars. Diversey Care net sales of $468 million in the first quarter decreased 7.4%, but rose 1.5% on a constant dollar basis. Peribere said he is especially excited about the synergies of Sealed Air’s acquisition of Intellibot Robotics, a maker of commercial floor cleaning machines.
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