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Manufacturer gets final OK to fund benefits in captive

2015-04-30 03:58:29| Industrial Machines - Topix.net

The Labor Department Wednesday gave final authorization to Sealed Air Corp. to fund several benefit risks through its Vermont captive insurance company. The Charlotte, North Carolina-based packaging materials manufacturer, with about $7.8 billion in revenue and 24,000 employees worldwide, including about 8,000 in the United States, had proposed using Saddle Brook Insurance Co.

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