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High-visibility Grand Island R&D property sold for $4.1 million

The company that makes Bubble Wrap and other packaging materials has paid $4.1 million for an industrial property on Grand Island.

Sealed Air Corp. of Charlotte last week acquired the 20.6-acre property at 300 Lang Blvd., next to the I-190 near Bedell Road and Grand Island Boulevard, from R.R. Donnelley & Sons, the communications and printing giant, according to public records.

Spokeswoman Pam Davis did not provide details on the transaction beyond saying Sealed Air acted "to support its future growth and to enhance services for customers."

Davis said the company for now doesn't plan to add, or cut, employees at the plant. There are 120 workers, including 36 employed by Sealed Air, she said.

Sealed Air, an international company with 15,500 employees, acquired the plant through its wholly owned subsidiary Cryovac, which makes vacuum-shrink bags, laminates and other packaging for fresh food.

R.R. Donnelley purchased the then-vacant 119,000-square-foot building in 2010 from APP Pharmaceuticals. It previously was home to a Moore Corp. research and development center.

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