Sealed Air (SEE), SC Johnson to End Brand License Agreement

October 17, 2016 5:33 PM EDT

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Sealed Air Corporation (NYSE: SEE) and SC Johnson & Son (SCJ) announced today that they have reached a mutual agreement to end the existing business relating to Sealed Air’s distribution of SCJ branded products to the professional market under the existing Brand License Agreement (“BLA”).

The parties agreed that the BLA will expire on May 2, 2017, with the exception of Australia, New Zealand, Argentina, Chile, Czech Republic and Poland, where the BLA will expire on January 1, 2017.

Both parties are committed to maintaining a continuous supply of SCJ branded products to customers under the BLA.

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