Companies will work together to expand the
boundaries of printed packaging
Sealed Air (NYSE: SEE) and Koenig & Bauer AG (XETRA: SKB)
announced they have signed a non-binding letter of intent to expand
their strategic partnership for digital printing machines. The
partnership aims to significantly improve packaging design
capabilities by developing state-of-the art digital printing
technology, equipment, and services. Solutions developed by SEE and
Koenig & Bauer will scale and deliver digitally printed
materials dramatically faster, enabling brand owners to promote
products by connecting with consumers through a digitally enhanced
package.
The Koenig & Bauer RotaJET-series of digital printing
presses will feature SEE’s prismiq™ intellectual property, software
and hardware. By accelerating the digitalization of printing
platforms, both companies will drive expansion of their portfolio
of solutions. The partnership will expand market opportunities for
both companies and result in co-branded digital printing
presses.
Launched last year, SEE’s prismiq™ solutions empower brand
owners to increase speed to market with higher quality and more
cost-effective designs. These solutions also power business
performance, improve operational efficiency, and reach consumers
through digital content connected to packaging.
“SEE is pleased to partner with Koenig & Bauer to enhance
both of our digital transformations,” said Ted Doheny, SEE
President and CEO. “SEE’s prismiq™ technology will help Koenig
& Bauer convert their printing platforms from analog to digital
while Koenig & Bauer will help accelerate and improve the
robustness and effectiveness of SEE’s digital solutions.”
"We are proud to intensify our established partnership with SEE.
It is a strong and effective catalyst for the further development
of our digital printing strategy and digital product initiatives
and enhances the strong position of our RotaJET-series of printers
for further industrial success,” said Dr. Andreas Plesske, CEO of
Koenig & Bauer AG. “To strengthen our broad product portfolio
of presses and software solutions for the printing and packaging
markets, we have relied on successful cooperation agreements for
many years. This unique collaboration with SEE will enable us to
create enormous potential for technological progress and business
development for both partners."
About SEE
Sealed Air (NYSE: SEE) is in business to protect, to solve
critical packaging challenges, and to make our world better than we
find it. Our automated packaging solutions promote a safer, more
resilient, and less wasteful global food, fluids and liquids supply
chain, enable e-commerce, and protect goods in transit from
damage.
Our globally recognized solution brands include CRYOVAC® food
packaging, LIQUIBOX® fluids and liquids systems, SEALED AIR®
protective packaging, AUTOBAG® automated packaging systems, BUBBLE
WRAP® packaging, SEE Automation™ and prismiq™ digital packaging and
printing.
Our partnership with customers creates value through
sustainable, automated, and digital packaging solutions, leveraging
our industry-leading expertise in materials, automation systems,
engineering and technology.
Our SEE Net-Positive Circular Ecosystem is leading the packaging
industry in creating a more environmentally, socially, and
economically sustainable future. We have pledged to design or
advance 100% of our packaging materials to be recyclable or
reusable by 2025, with a bolder goal to reach net-zero carbon
emissions in our global operations by 2040. Our Global Impact
Report highlights how we are shaping the future of the packaging
industry. We are committed to a diverse workforce and a caring,
inclusive culture through our 2025 Diversity, Equity and Inclusion
pledge.
SEE generated $5.6 billion in sales in 2022 and has
approximately 17,300 employees who serve customers in 120
countries/territories. To learn more, visit sealedair.com.
About Koenig & Bauer
Koenig & Bauer is a globally active printing press
manufacturer with headquarters in Würzburg, Germany. It supplies
machines and software solutions covering the entire printing,
finishing and converting process, with a particular focus on
packaging. Machines from Koenig & Bauer are capable of printing
on practically all substrates – the portfolio ranges from banknotes
to board, corrugated, film, metal and glass packaging, and includes
book, display, coding, decor, magazine, advertising and newspaper
printing. With a history extending back more than 200 years, Koenig
& Bauer is the oldest printing press manufacturer in the world
and is today at home in virtually all printing processes. Together,
the group companies count a total of around 5,500 employees. Koenig
& Bauer operates manufacturing plants at 11 locations in
Europe, alongside a global sales and service network. The annual
revenue in the 2022 financial year was around €1.2bn. Further
information can be found at koenig-bauer.com
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Litigation Reform Act of 1995 concerning our business, consolidated
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Forward-looking statements are subject to risks and uncertainties,
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SEE Contacts
Investors Brian Sullivan Brian.c.sullivan@sealedair.com
704.503.8841
Media Christina Griffin Christina.griffin@sealedair.com
704.430.5742
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