Founded in 1960, Sealed Air is a global leader in food safety and security, facility hygiene, product protection and is most commonly known for its invention of Bubble Wrap cushioning material.
Holyoke is home to one of three Sealed Air facilities located in Massachusetts. In February 2012 Sealed Air announced a consolidation project that would add an additional production line to their Holyoke facility on Homestead Avenue, with a capital investment of $443,000 for building modifications and equipment.
The addition of the production line created 12 full-time jobs and retained 63 jobs in Holyoke. Through its Tax Increment Finance program, the City of Holyoke provided Sealed Air with a five-year award of $19,564. The Economic Assistance Coordinating Council approved $177,264 in EDIP Investment Tax Credits.
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