GRACE PACKAGING BUSINESS WRAPS UP SEALED AIR DEAL

SADDLE BROOK, N.J. -- W.R. Grace & Co., Boca Raton, Fla., has merged its packaging business with Sealed Air Corp. here to create a new specialty and protective packaging company with combined annual sales greater than $2.5 billion.business, best known for its Cryovac brand of vacuum packaging, specializes in materials and systems to preserve perishable foods. In addition to Cryovac products, the division

SADDLE BROOK, N.J. -- W.R. Grace & Co., Boca Raton, Fla., has merged its packaging business with Sealed Air Corp. here to create a new specialty and protective packaging company with combined annual sales greater than $2.5 billion.

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