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EXHIBIT 21
SUBSIDIARIES OF THE COMPANY
The following table sets forth the name and state or other jurisdiction of incorporation of the Company's subsidiaries. Except as otherwise indicated, each subsidiary is wholly owned, directly or indirectly, by the Company and does business under its corporate name.
| Ciras CV | | Netherlands |
| CPI Packaging, Inc. | | Delaware |
| Cryovac Australia Pty. Ltd. | | Australia |
| Cryovac Brasil Ltda. | | Brazil |
| Cryovac Chile Holdings, LLC | | Delaware |
| Cryovac China Holdings I, Inc. | | Cayman Islands, BWI |
| Cryovac Far East Holdings, LLC | | Delaware |
| Cryovac (Foshan Gaoming) Co., Ltd.** | | China |
| Cryovac, Inc.† | | Delaware |
| Cryovac International Holdings, Inc. | | Delaware |
| Cryovac Leasing Corporation | | Delaware |
| Cryovac (Malaysia) Sdn. Bhd. | | Malaysia |
| Cryovac Packaging Portugal Embalagens, Ltda. | | Portugal |
| Cryovac (Philippines) Inc. | | Philippines |
| Cryovac Poland Holdings, Inc. | | Delaware |
| Cryovac (Singapore) Pte. Ltd. | | Singapore |
| Cryovac (Thailand) Limited | | Thailand |
| Dolphin Packaging (Cheltenham) Limited | | United Kingdom |
| Dolphin Packaging (Holdings) Limited | | United Kingdom |
| Dolphin Packaging Limited | | United Kingdom |
| Drypac Pty. Ltd. | | Australia |
| EEIG VES*** | | France |
| Getpacking Limited | | United Kingdom |
| Getpacking.com, GmbH | | Switzerland |
| Invertol, S. de R.L. de C.V. | | Mexico |
| Noja Inmobiliaria, S.A. de C.V. | | Mexico |
| Omni Supply Inc. | | North Carolina |
| Polymask Corporation* | | Delaware |
| Poly Packaging Systems, Inc. | | Delaware |
| Polypride, Inc. | | Delaware |
| Pro-Pe GmbH | | Germany |
| Reflectix, Inc. | | Delaware |
| Saddle Brook Insurance Company | | Vermont |
| Sealed Air Africa (Pty) Ltd. | | South Africa |
| Sealed Air Argentina S.A. | | Argentina |
| Sealed Air Australia (Holdings) Pty. Limited | | Australia |
| Sealed Air Australia Pty. Limited | | Australia |
| Sealed Air Belgium NV | | Belgium |
| Sealed Air Botswana (Pty.) Limited | | Botswana |
| Sealed Air (Bradford) Limited | | United Kingdom |
| Sealed Air B.V. | | Netherlands |
| Sealed Air (Canada) Co./CIE | | Ontario, Canada |
| Sealed Air (Canada) Holdings BV | | Netherlands |
| Sealed Air Central America, S.A. | | Guatemala |
| Sealed Air Chile Industrial Ltda. | | Chile |
| Sealed Air (China) Limited | | Delaware |
| Sealed Air Colombia Ltda. | | Colombia |
| | | |
| Sealed Air Corporation (US) | | Delaware |
| Sealed Air de Mexico S. de R.L. de C.V. | | Mexico |
| Sealed Air de México S. de R.L. de C.V. Sucursal Costa Rica | | Costa Rica |
| Sealed Air Denmark A/S | | Denmark |
| Sealed Air Development Corporation | | Delaware |
| Sealed Air de Venezuela, S.A. | | Venezuela |
| Sealed Air (Dongguan) Co. Ltd. | | China |
| Sealed Air Embalagens Ltda. | | Brazil |
| Sealed Air Finance B.V. | | Netherlands |
| Sealed Air Finance II B.V. | | Netherlands |
| Sealed Air Finance Ireland | | Ireland |
| Sealed Air Finance, LLC | | Delaware |
| Sealed Air Foreign Sales Corp. | | Barbados |
| Sealed Air Funding Corporation | | Delaware |
| Sealed Air (Foshan Gaoming) Packaging Co., Ltd. | | China |
| Sealed Air GmbH | | Germany |
| Sealed Air GmbH | | Switzerland |
| Sealed Air (Greenore) Limited | | Ireland |
| Sealed Air Hellas S.A. | | Greece |
| Sealed Air Holdings (New Zealand) I, LLC | | Delaware |
| Sealed Air Holdings (UK) Limited | | United Kingdom |
| Sealed Air Hong Kong Limited | | Hong Kong |
| Sealed Air Hungary Kft. | | Hungary |
| Sealed Air (India) Limited | | Delaware |
| Sealed Air (India) Private Limited | | India |
| Sealed Air International LLC | | Delaware |
| Sealed Air (Ireland) Limited | | Ireland |
| Sealed Air (Israel) Ltd. | | Israel |
| Sealed Air Italy S.R.L. | | Italy |
| Sealed Air Japan K.K. | | Japan |
| Sealed Air Kaustik ZAO** | | Russia |
| Sealed Air Korea Limited | | South Korea |
| Sealed Air (Latin America) Holdings II, LLC | | Delaware |
| Sealed Air Limited | | Ireland |
| Sealed Air Limited | | United Kingdom |
| Sealed Air LLC | | Delaware |
| Sealed Air Luxembourg S.C.A. | | Luxembourg |
| Sealed Air Luxembourg S.a.r.l. | | Luxembourg |
| Sealed Air Luxembourg (I) S.a.r.l. | | Luxembourg |
| Sealed Air Luxembourg (II) S.a.r.l. | | Luxembourg |
| Sealed Air (Malaysia) Sdn. Bhd. | | Malaysia |
| Sealed Air Management Holding GmbH & Co., KG | | Germany |
| Sealed Air Management Holding Verwaltungs GmbH | | Germany |
| Sealed Air Multiflex GmbH | | Germany |
| Sealed Air Netherlands (Holdings) B.V. | | Netherlands |
| Sealed Air Netherlands (Holdings) I B.V. | | Netherlands |
| Sealed Air Netherlands (Holdings) II B.V. | | Netherlands |
| Sealed Air Nevada Holdings Limited | | Nevada |
| Sealed Air (New Zealand) | | New Zealand |
| Sealed Air Norge AS | | Norway |
| Sealed Air OOO | | Russia |
| Sealed Air Oy | | Finland |
| Sealed Air Packaging Holdings (Israel) Ltd. | | Israel |
| Sealed Air Packaging Limited | | United Kingdom |
| | | |
| Sealed Air Packaging LLC | | Delaware |
| Sealed Air Packaging, S.L. | | Spain |
| Sealed Air Packaging S.A.S. | | France |
| Sealed Air Packaging (Shanghai) Co., Ltd. | | China |
| Sealed Air Packaging S.R.L. | | Italy |
| Sealed Air Peketieme Ticaret Limited Sirketi | | Turkey |
| Sealed Air Peru S.R.L. | | Peru |
| Sealed Air (Philippines) Inc. | | Philippines |
| Sealed Air Polska Sp. z o.o. | | Poland |
| Sealed Air (Puerto Rico) Incorporated | | Delaware |
| Sealed Air (Romania) S.R.L | | Romania |
| Sealed Air S.A.S. | | France |
| Sealed Air SEE Ltd. | | Greece |
| Sealed Air (Singapore) Pte. Limited | | Singapore |
| Sealed Air S.L. | | Spain |
| Sealed Air Spain (Holdings) SL | | Spain |
| Sealed Air Spain (Holdings) II, SL | | Spain |
| Sealed Air S.R.L. | | Italy |
| Sealed Air s.r.o | | Czech Republic |
| Sealed Air Svenska AB | | Sweden |
| Sealed Air Taiwan Limited | | Taiwan |
| Sealed Air (Thailand) Limited | | Thailand |
| Sealed Air (Ukraine) Limited | | Ukraine |
| Sealed Air Uruguay S.A. | | Uruguay |
| Sealed Air Verpackungen GmbH | | Germany |
| Sealed Air Vitembal S.L. | | Spain |
| Shanklin Corporation | | Delaware |
| Soinpar Industrial Ltda. | | Brazil |
| Soten (U.K.) Limited | | United Kingdom |
| Tart s.r.o*** | | Czech Republic |
| Whyco, Inc. | | Texas |
| Wrapid Packaging SARL | | France |
- *
- The Company directly or indirectly owns 50% of the outstanding shares.
- **
- The Company directly or indirectly owns a majority of the outstanding shares.
- ***
- The Company directly or indirectly owns less than 50% of the outstanding shares.
- †
- Cryovac does business in certain states under the name "Sealed Air Shrink Packaging Division."
Certain subsidiaries are omitted from the above table. Such subsidiaries, if considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary as of December 31, 2004.
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SUBSIDIARIES OF THE COMPANY
