SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C.  20549
                               _____________

                                 FORM 10-Q


                Quarterly Report Under Section 13 or 15(d)
                  of The Securities Exchange Act of 1934



For Quarter Ended September 30, 1995 Commission file number 0-14825

                             SEALRIGHT CO., INC.
            (Exact name of registrant as specified in its charter)


          Delaware                              16-0876812
  (State or other jurisdiction of             (IRS Employer
   incorporation or organization)           Identification No.)

 7101 College Boulevard, Overland Park, Kansas      66210-1891
   (Address of principal executive offices)         (Zip Code)


Registrant's telephone number, including area code  913-344-9000


_________________________________________________________________
Former name, former address and former fiscal year, if changed
since last report.

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements
for the past 90 days.

(1) Yes     X     No             (2)  Yes    X     No        


As of September 30, 1995, Sealright Co., Inc. had 11,071,991 shares
of Common Stock outstanding.  The market value of stock held by
non-affiliates is approximately $79,050,000.



                    SEALRIGHT CO., INC. AND SUBSIDIARIES

                                  FORM 10-Q

                               November 6, 1995




                        PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements


                            INTRODUCTORY COMMENTS

The Consolidated Financial Statements included herein have been
prepared by Management, without audit, pursuant to the rules and
regulations of the Securities and Exchange Commission.  Certain
information and footnote disclosures normally included in financial
statements prepared in accordance with generally accepted
accounting principles have been condensed or omitted pursuant to
such rules and regulations, although Management believes that the
disclosures are adequate to enable a reasonable understanding of
the information presented.  It is suggested that these Consolidated
Financial Statements be read in conjunction with the financial
statements and the notes thereto included in the Company's Annual
Report on Form 10K, for the year ended December 31, 1994.




<PAGE>
<TABLE>

                     SEALRIGHT CO., INC. AND SUBSIDIARIES
                        CONSOLIDATED INCOME STATEMENTS
              FOR THE PERIODS ENDED September 30, 1995 and 1994
                     (In Thousands Except Per Share Data)
                                 (Unaudited)



<CAPTION>
                                                         Nine Months
                                     3rd Quarter      Ended September 30
                                    1995     1994       1995          1994    
<S>                                <C>      <C>       <C>         <C>
Net Sales                          $76,151  $79,724   $230,824    $228,697
Cost of Sales                       63,237   61,550    187,109     175,717        
    Gross Profit                    12,914   18,174     43,715      52,980 

Selling, General & Admin. Expense    9,561    9,596     27,043      28,745  
    Operating Income                 3,353    8,578     16,672      24,235

Interest Expense                     1,243      654      3,743       2,462  

Other                                  365      456      1,148       1,244

Income Before Income Taxes           1,745    7,468     11,781      20,529

Provision for Income Taxes             698    2,976      4,695       8,224
 
NET INCOME                         $ 1,047    4,492   $  7,086    $ 12,305

NET INCOME PER SHARE               $  0.09  $  0.41   $   0.64    $   1.11

AVERAGE NUMBER OF COMMON AND COMMON
   EQUIVALENT SHARES OUTSTANDING    11,072   11,070     11,095      11,068  
      
</TABLE>


<PAGE>
<TABLE>
                     SEALRIGHT CO., INC. AND SUBSIDIARIES
                         CONSOLIDATED BALANCE SHEETS
                   September 30, 1995 and December 31, 1994
                                (In Thousands)
                                 (Unaudited)
<CAPTION>
                                      September 30, 1995  December 31, 1994

                                    ASSETS
<S>                                          <C>               <C>
Current Assets
     Cash                                    $    708          $  1,057
     Accounts Receivable                       29,569            25,281
     Inventories (Note 3)                      50,171            46,969
     Other Current Assets                       2,293             2,003
       Total Current Assets                    82,741            75,310

Property, Plant & Equipment                   247,552           232,233
     Less:  Accumulated Depreciation           95,858            83,685
       Total Property, Plant and Equipment    151,694           148,548

Intangibles                                    15,842            17,516

TOTAL ASSETS                                 $250,277          $241,374

                     LIABILITIES AND STOCKHOLDERS' EQUITY
<S>                                         <C>               <C>
Current Liabilities
  Current Maturities of Long-Term Debt      $   6,375         $  6,791
  Accounts Payable                             18,205           15,929
  Accrued Vacation                              3,603            3,306
  Accrued Workers' Compensation Reserve         2,111            2,473
  Accrued Income Taxes                          3,973            1,684
  Accrued Liabilities                           4,071            5,225
     Total Current Liabilities                 38,338           35,408

Long-Term Debt                                 76,341           74,135
Deferred Income Taxes                          16,654           16,212
Post-Retirement Benefits                        2,270            2,215
Pension Liability                                 512              512

Stockholders' Equity
  Common Stock, Par Value $.10
    Authorized 20,000,000 shares;
    issued and outstanding 11,071,991
    and 11,063,127 as of September 30,
    1995 and December 31, 1994, 
    respectively                                1,107            1,106
  Paid-In Capital                              14,911           14,747
  Retained Earnings                           100,144           97,039
     Total Stockholders' Equity               116,162          112,892

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   $250,277         $241,374
</TABLE>

<TABLE>
                     SEALRIGHT CO., INC. AND SUBSIDIARIES
                    CONSOLIDATED STATEMENTS OF CASH FLOWS
     FOR THE NINE MONTHS ENDED September 30, 1995 and September 30, 1994
                                (In Thousands)
                                 (Unaudited)



<CAPTION>
                                                     1995         1994
<S>                                                 <C>          <C>
Cash Flows from Operating Activities:
Net Income                                          $  7,086     $ 12,305
Adjustments to Reconcile Net Income to Net
    Cash Provided by Operating Activities:
       Depreciation & Amortization                    14,697       13,072
       Deferred Tax Provision                          3,127        2,868
       LIFO Reserve Provision                          1,366          273
       Changes in Assets and Liabilities:
         Accounts Receivable, Net                     (4,288)     (11,482)
         Inventories                                  (4,568)      (7,427)
         Accounts Payable                              2,276        4,658
         Other                                        (1,420)       4,311 
            Total Adjustments                       $ 11,190     $  6,273

Net Cash Provided By Operating Activities           $ 18,276     $ 18,578
Cash Flows from Investing Activities:
    Capital Expenditures                            $(16,814)    $(33,190)
    Proceeds from Disposal of Equipment                  157           35
    Short-Term Investments                               --        10,500 
Net Cash Used in 
  Investing Activities:                             $(16,657)    $(22,655)
Cash Flows from Financing Activities:
    Net Borrowings Under Revolving 
      Credit Agreement                              $  7,000     $ 12,000 
    Proceeds from Common Stock Issued                    165          --
    Principal Payments of Long-Term Debt              (5,151)      (5,033)
    Dividends Paid                                    (3,982)      (3,817)

Net Cash Provided by/(Used In)
  Financing Activities                              $ (1,968)    $  3,150

Net Decrease in Cash                                $   (349)    $   (927)
Cash, Beginning of Year                                1,057        2,289

Cash, End of Nine Months                            $    708     $  1,362

</TABLE>
<PAGE>

                   SEALRIGHT CO., INC. AND SUBSIDIARIES

                                   10-Q

                            SEPTEMBER 30, 1995

                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 1 - FINANCIAL STATEMENT PRESENTATION
       In the opinion of Management, the accompanying unaudited
consolidated financial statements contain normal interim
adjustments necessary to present fairly the financial position of
Sealright Co., Inc. and Subsidiaries as of September 30, 1995 and
December 31, 1994, and the results of their operations for the
quarters ended September 30, 1995 and 1994.

NOTE 2 - ACCOUNTING PRINCIPLES AND POLICIES
       The accompanying financial statements have been prepared
consistent with the accounting principles and policies described
more fully in Note 1 of the Company's Annual Report for the year
ended December 31, 1994.

NOTE 3 - INVENTORIES
       Inventories at September 30, 1995 and December 31, 1994, were:
<TABLE>
<CAPTION>
                                                   1995     1994
                                                   (In Thousands)
<S>                                               <C>      <C>
Inventories Carried on LIFO Basis
    Raw Materials                                 $19,559  $15,139
    Work-In-Process                                 7,917    7,986
    Finished Goods                                 17,368   17,139
                                                  $44,844  $40,264
    LIFO Reserve                                   (1,722)    (355)
Inventories Carried on LIFO Basis                 $43,122  $39,909
Inventories Carried on Average or FIFO Basis        7,049    7,060
                                                  $50,171  $46,969
</TABLE>

Because the inventory determination under the LIFO method can only
be made at the end of each fiscal year based on the inventory
levels and costs at that time, interim LIFO determinations,
including those at September 30, 1995, must necessarily be based on
management's estimate of expected year-end inventory levels and
costs.  Since estimates of future inventory levels and prices are
subject to many factors beyond the control of management, interim
financial results are subject to final year-end LIFO inventory
amounts.  Accordingly, inventory components reported for the period
ended September 30, 1995, are estimates based on management's
knowledge of the Company's production cycle, the costs associated
with this cycle and the sales and purchasing volume of the Company.

NOTE 4 - STATEMENTS OF CASH FLOWS
       Supplemental cash flow information is (in thousands):

                                                    1995     1994
       Interest Paid (Net of Amount Capitalized)  $ 3,548  $ 1,785
       Income Taxes Paid                            1,530    5,106



<PAGE>

ITEM 2.

            MANAGEMENT'S DISCUSSION AND ANALYSIS OF OPERATIONS
                          AND FINANCIAL CONDITION

Results of Operations
       Net sales for the third quarter of 1995 were $76.2 million, a
decrease of 4.5% from the third quarter 1994.  Net sales decreased
in the Rigid Packaging Group by 3.5%, and by 11.5% in the Flexible
Packaging Group of the Company.  The decrease is due to lost
business and key customer volume shortfalls in one of the three
rigid paper packaging plants, the rigid plastics plant and to
volume shortfalls in all three flexible converting plants.

       The 5.8 percentage point decrease in the gross profit margin
is due to increased raw material costs and a less profitable
product mix of business.  Due to contractual agreements with
certain customers, additional price rebates were given to those
customers during the quarter.  In addition, the decrease in unit
volumes during the entire quarter resulted in lower levels of fixed
overhead cost coverage than in the prior year period.

       Selling, general and administrative expense increased from
12.0% of net sales in the third quarter of 1994 to 12.6% of net
sales for the third quarter of 1995.  The dollar increase quarter
to quarter is $35M, however with the lower net sales base, the
percentage has increased.  There were increases in relocation
costs, bad debt expense and general administration costs.  These
increases were offset by the non-recurrence of NLEA costs.

       Interest expense for the third quarter of 1995, compared to
the third quarter of 1994, increased 90.1%.  This increase is the
result of higher debt levels and significantly reduced levels of
capitalized interest.  The increase in debt is attributable to an
increase in working capital requirements.

       For the year-to-date, net sales have increased over 1994 by
$2.1 million, or .9%.  Flexible packaging sales increased
moderately, primarily as a result of higher prices.  Rigid
packaging sales are down slightly due to volume reductions and
competitive price pressures.

       The gross profit margin decrease of 4.2 percentage points is
attributable to competitive forces and contract pricing primarily
in the Flexible Packaging Group, which delayed and limited the
Company's ability to pass on increased material costs.  Reduced
unit volume in the Rigid Packaging Group also negatively affected
margins as well as the contractual price rebates given to certain
customers.


       Selling, general and administrative expenses have decreased,
both in terms of dollars and as a percent of net sales.  S.G.&A.
expenses as a percent of net sales, have decreased from 12.6% in
1994 to 11.7% in 1995.  The significant decreases are reductions in
Incentive Compensation costs, workers' compensation expenses,
development costs, professional services and the non-recurrence of
NLEA costs.  Additionally, ongoing efforts to control all other
selling, general and administrative costs have been effective.

       Interest expense for the first nine months of 1995 has
increased $1.3 million over the comparable 1994 period.  This
increase is attributable to higher debt combined with lower
capitalized interest of $.5 million.

       The Company has been identified as a potentially responsible
party (PRP) at several locations by the Environmental Protection
Agency.  The effect on Company operations is not expected to be
material due to the minimal quantities of the Company's wastes
involved at the sites and because other corporations included as
primary PRP's at each location have resources available to satisfy
their potential obligations.

Liquidity and Capital Resources
       During the first nine months of 1995, cash provided by
operating activities was $18.3 million.  Accounts receivable and
inventory levels rose 10.4% over December 31, 1994 necessitating
additional funding.  Compared to the first nine months of 1994,
investment in new equipment and facilities has decreased
approximately 49% as the construction of the new DeSoto
manufacturing facility has been completed.  Of the Company's $40
million line of credit $25.5 million has been drawn, leaving an
unused balance of $14.5 million as of September 30, 1995.  On
October 17, 1995, the Company obtained a $75 million credit
facility from the Prudential Insurance Company of America and
issued $30 million of senior notes under this agreement.  Part of
the proceeds were used to pay off the bank line of credit balance
of $25.5 million, and the balance will be used for general
corporate purposes. 


<PAGE>


                        PART II - OTHER INFORMATION



Item 1.)   Legal Proceeding
       
                  None



Item 2.)   Changes in Securities

                  None



Item 3.)   Defaults Upon Senior Securities

                  None



Item 4.)   Submission of Matters to a Vote of Securities Holders

                  None



Item 5.)   Other Materially Important Events

                  None



Item 6.)   Exhibits and Reports on Form 8-K

                  Exhibit 27    Financial Data Schedule



<PAGE>


                     SALES OF UNREGISTERED SECURITIES




                                   None





<PAGE>



                                SIGNATURES



       Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.






                                             SEALRIGHT CO., INC.




Date:  November 10, 1995                       /s/ Charles F. Marcy 
                                             By: Charles F. Marcy
                                                 Chief Executive 
                                                 Officer & President




Date:  November 10, 1995                      /s/ John T. Carper    
                                             By: John T. Carper
                                                 Chief Financial 
                                                  Officer & Vice 
                                                  President Finance
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SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C.  20549
                               _____________

                                 FORM 10-Q

                Quarterly Report Under Section 13 or 15(d)
                  of The Securities Exchange Act of 1934

For Quarter Ended September 30, 1995 Commission file number 0-14825

                             SEALRIGHT CO., INC.
            (Exact name of registrant as specified in its charter)

          Delaware                              16-0876812
  (State or other jurisdiction of             (IRS Employer
   incorporation or organization)           Identification No.)

 7101 College Boulevard, Overland Park, Kansas      66210-1891
   (Address of principal executive offices)         (Zip Code)

Registrant's telephone number, including area code  913-344-9000

_________________________________________________________________
Former name, former address and former fiscal year, if changed
since last report.

Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements
for the past 90 days.

(1) Yes     X     No             (2)  Yes    X     No        

As of September 30, 1995, Sealright Co., Inc. had 11,071,991 shares
of Common Stock outstanding.  The market value of stock held by
non-affiliates is approximately $79,050,000.

                    SEALRIGHT CO., INC. AND SUBSIDIARIES

                                  FORM 10-Q

                               November 6, 1995

                        PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

                            INTRODUCTORY COMMENTS

The Consolidated Financial Statements included herein have been
prepared by Management, without audit, pursuant to the rules and
regulations of the Securities and Exchange Commission.  Certain
information and footnote disclosures normally included in financial
statements prepared in accordance with generally accepted
accounting principles have been condensed or omitted pursuant to
such rules and regulations, although Management believes that the
disclosures are adequate to enable a reasonable understanding of
the information presented.  It is suggested that these Consolidated
Financial Statements be read in conjunction with the financial
statements and the notes thereto included in the Company's Annual
Report on Form 10K, for the year ended December 31, 1994.
SEALRIGHT CO., INC. AND SUBSIDIARIES
                        CONSOLIDATED INCOME STATEMENTS
              FOR THE PERIODS ENDED September 30, 1995 and 1994
                     (In Thousands Except Per Share Data)
                                 (Unaudited)
Nine Months
                                     3rd Quarter      Ended September 30
                                    1995     1994       1995          1994
Net Sales                          $76,151  $79,724   $230,824    $228,697
Cost of Sales                       63,237   61,550    187,109     175,717        
    Gross Profit                    12,914   18,174     43,715      52,980 

Selling, General & Admin. Expense    9,561    9,596     27,043      28,745  
    Operating Income                 3,353    8,578     16,672      24,235

Interest Expense                     1,243      654      3,743       2,462  

Other                                  365      456      1,148       1,244

Income Before Income Taxes           1,745    7,468     11,781      20,529

Provision for Income Taxes             698    2,976      4,695       8,224
 
NET INCOME                         $ 1,047    4,492   $  7,086    $ 12,305

NET INCOME PER SHARE               $  0.09  $  0.41   $   0.64    $   1.11

AVERAGE NUMBER OF COMMON AND COMMON
   EQUIVALENT SHARES OUTSTANDING    11,072   11,070     11,095      11,068
SEALRIGHT CO., INC. AND SUBSIDIARIES
                         CONSOLIDATED BALANCE SHEETS
                   September 30, 1995 and December 31, 1994
                                (In Thousands)
                                 (Unaudited)
September 30, 1995  December 31, 1994

                                    ASSETS
Current Assets
     Cash                                    $    708          $  1,057
     Accounts Receivable                       29,569            25,281
     Inventories (Note 3)                      50,171            46,969
     Other Current Assets                       2,293             2,003
       Total Current Assets                    82,741            75,310

Property, Plant & Equipment                   247,552           232,233
     Less:  Accumulated Depreciation           95,858            83,685
       Total Property, Plant and Equipment    151,694           148,548

Intangibles                                    15,842            17,516

TOTAL ASSETS                                 $250,277          $241,374

                     LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
  Current Maturities of Long-Term Debt      $   6,375         $  6,791
  Accounts Payable                             18,205           15,929
  Accrued Vacation                              3,603            3,306
  Accrued Workers' Compensation Reserve         2,111            2,473
  Accrued Income Taxes                          3,973            1,684
  Accrued Liabilities                           4,071            5,225
     Total Current Liabilities                 38,338           35,408

Long-Term Debt                                 76,341           74,135
Deferred Income Taxes                          16,654           16,212
Post-Retirement Benefits                        2,270            2,215
Pension Liability                                 512              512

Stockholders' Equity
  Common Stock, Par Value $.10
    Authorized 20,000,000 shares;
    issued and outstanding 11,071,991
    and 11,063,127 as of September 30,
    1995 and December 31, 1994, 
    respectively                                1,107            1,106
  Paid-In Capital                              14,911           14,747
  Retained Earnings                           100,144           97,039
     Total Stockholders' Equity               116,162          112,892

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY   $250,277         $241,374
SEALRIGHT CO., INC. AND SUBSIDIARIES
                    CONSOLIDATED STATEMENTS OF CASH FLOWS
     FOR THE NINE MONTHS ENDED September 30, 1995 and September 30, 1994
                                (In Thousands)
                                 (Unaudited)
1995         1994
Cash Flows from Operating Activities:
Net Income                                          $  7,086     $ 12,305
Adjustments to Reconcile Net Income to Net
    Cash Provided by Operating Activities:
       Depreciation & Amortization                    14,697       13,072
       Deferred Tax Provision                          3,127        2,868
       LIFO Reserve Provision                          1,366          273
       Changes in Assets and Liabilities:
         Accounts Receivable, Net                     (4,288)     (11,482)
         Inventories                                  (4,568)      (7,427)
         Accounts Payable                              2,276        4,658
         Other                                        (1,420)       4,311 
            Total Adjustments                       $ 11,190     $  6,273

Net Cash Provided By Operating Activities           $ 18,276     $ 18,578
Cash Flows from Investing Activities:
    Capital Expenditures                            $(16,814)    $(33,190)
    Proceeds from Disposal of Equipment                  157           35
    Short-Term Investments                               --        10,500 
Net Cash Used in 
  Investing Activities:                             $(16,657)    $(22,655)
Cash Flows from Financing Activities:
    Net Borrowings Under Revolving 
      Credit Agreement                              $  7,000     $ 12,000 
    Proceeds from Common Stock Issued                    165          --
    Principal Payments of Long-Term Debt              (5,151)      (5,033)
    Dividends Paid                                    (3,982)      (3,817)

Net Cash Provided by/(Used In)
  Financing Activities                              $ (1,968)    $  3,150

Net Decrease in Cash                                $   (349)    $   (927)
Cash, Beginning of Year                                1,057        2,289

Cash, End of Nine Months                            $    708     $  1,362
SEALRIGHT CO., INC. AND SUBSIDIARIES

                                   10-Q

                            SEPTEMBER 30, 1995

                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - FINANCIAL STATEMENT PRESENTATION
       In the opinion of Management, the accompanying unaudited
consolidated financial statements contain normal interim
adjustments necessary to present fairly the financial position of
Sealright Co., Inc. and Subsidiaries as of September 30, 1995 and
December 31, 1994, and the results of their operations for the
quarters ended September 30, 1995 and 1994.

NOTE 2 - ACCOUNTING PRINCIPLES AND POLICIES
       The accompanying financial statements have been prepared
consistent with the accounting principles and policies described
more fully in Note 1 of the Company's Annual Report for the year
ended December 31, 1994.

NOTE 3 - INVENTORIES
       Inventories at September 30, 1995 and December 31, 1994, were:
1995     1994
                                                   (In Thousands)
Inventories Carried on LIFO Basis
    Raw Materials                                 $19,559  $15,139
    Work-In-Process                                 7,917    7,986
    Finished Goods                                 17,368   17,139
                                                  $44,844  $40,264
    LIFO Reserve                                   (1,722)    (355)
Inventories Carried on LIFO Basis                 $43,122  $39,909
Inventories Carried on Average or FIFO Basis        7,049    7,060
                                                  $50,171  $46,969
Because the inventory determination under the LIFO method can only
be made at the end of each fiscal year based on the inventory
levels and costs at that time, interim LIFO determinations,
including those at September 30, 1995, must necessarily be based on
management's estimate of expected year-end inventory levels and
costs.  Since estimates of future inventory levels and prices are
subject to many factors beyond the control of management, interim
financial results are subject to final year-end LIFO inventory
amounts.  Accordingly, inventory components reported for the period
ended September 30, 1995, are estimates based on management's
knowledge of the Company's production cycle, the costs associated
with this cycle and the sales and purchasing volume of the Company.

NOTE 4 - STATEMENTS OF CASH FLOWS
       Supplemental cash flow information is (in thousands):

                                                    1995     1994
       Interest Paid (Net of Amount Capitalized)  $ 3,548  $ 1,785
       Income Taxes Paid                            1,530    5,106
ITEM 2.

            MANAGEMENT'S DISCUSSION AND ANALYSIS OF OPERATIONS
                          AND FINANCIAL CONDITION

Results of Operations
       Net sales for the third quarter of 1995 were $76.2 million, a
decrease of 4.5% from the third quarter 1994.  Net sales decreased
in the Rigid Packaging Group by 3.5%, and by 11.5% in the Flexible
Packaging Group of the Company.  The decrease is due to lost
business and key customer volume shortfalls in one of the three
rigid paper packaging plants, the rigid plastics plant and to
volume shortfalls in all three flexible converting plants.

       The 5.8 percentage point decrease in the gross profit margin
is due to increased raw material costs and a less profitable
product mix of business.  Due to contractual agreements with
certain customers, additional price rebates were given to those
customers during the quarter.  In addition, the decrease in unit
volumes during the entire quarter resulted in lower levels of fixed
overhead cost coverage than in the prior year period.

       Selling, general and administrative expense increased from
12.0% of net sales in the third quarter of 1994 to 12.6% of net
sales for the third quarter of 1995.  The dollar increase quarter
to quarter is $35M, however with the lower net sales base, the
percentage has increased.  There were increases in relocation
costs, bad debt expense and general administration costs.  These
increases were offset by the non-recurrence of NLEA costs.

       Interest expense for the third quarter of 1995, compared to
the third quarter of 1994, increased 90.1%.  This increase is the
result of higher debt levels and significantly reduced levels of
capitalized interest.  The increase in debt is attributable to an
increase in working capital requirements.

       For the year-to-date, net sales have increased over 1994 by
$2.1 million, or .9%.  Flexible packaging sales increased
moderately, primarily as a result of higher prices.  Rigid
packaging sales are down slightly due to volume reductions and
competitive price pressures.

       The gross profit margin decrease of 4.2 percentage points is
attributable to competitive forces and contract pricing primarily
in the Flexible Packaging Group, which delayed and limited the
Company's ability to pass on increased material costs.  Reduced
unit volume in the Rigid Packaging Group also negatively affected
margins as well as the contractual price rebates given to certain
customers.

       Selling, general and administrative expenses have decreased,
both in terms of dollars and as a percent of net sales.  S.G.&A.
expenses as a percent of net sales, have decreased from 12.6% in
1994 to 11.7% in 1995.  The significant decreases are reductions in
Incentive Compensation costs, workers' compensation expenses,
development costs, professional services and the non-recurrence of
NLEA costs.  Additionally, ongoing efforts to control all other
selling, general and administrative costs have been effective.

       Interest expense for the first nine months of 1995 has
increased $1.3 million over the comparable 1994 period.  This
increase is attributable to higher debt combined with lower
capitalized interest of $.5 million.

       The Company has been identified as a potentially responsible
party (PRP) at several locations by the Environmental Protection
Agency.  The effect on Company operations is not expected to be
material due to the minimal quantities of the Company's wastes
involved at the sites and because other corporations included as
primary PRP's at each location have resources available to satisfy
their potential obligations.

Liquidity and Capital Resources
       During the first nine months of 1995, cash provided by
operating activities was $18.3 million.  Accounts receivable and
inventory levels rose 10.4% over December 31, 1994 necessitating
additional funding.  Compared to the first nine months of 1994,
investment in new equipment and facilities has decreased
approximately 49% as the construction of the new DeSoto
manufacturing facility has been completed.  Of the Company's $40
million line of credit $25.5 million has been drawn, leaving an
unused balance of $14.5 million as of September 30, 1995.  On
October 17, 1995, the Company obtained a $75 million credit
facility from the Prudential Insurance Company of America and
issued $30 million of senior notes under this agreement.  Part of
the proceeds were used to pay off the bank line of credit balance
of $25.5 million, and the balance will be used for general
corporate purposes.
PART II - OTHER INFORMATION

Item 1.)   Legal Proceeding
       
                  None

Item 2.)   Changes in Securities

                  None

Item 3.)   Defaults Upon Senior Securities

                  None

Item 4.)   Submission of Matters to a Vote of Securities Holders

                  None

Item 5.)   Other Materially Important Events

                  None

Item 6.)   Exhibits and Reports on Form 8-K

                  Exhibit 27    Financial Data Schedule
SALES OF UNREGISTERED SECURITIES

                                   None
SIGNATURES

       Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.

                                             SEALRIGHT CO., INC.

Date:  November 10, 1995                       /s/ Charles F. Marcy 
                                             By: Charles F. Marcy
                                                 Chief Executive 
                                                 Officer & President

Date:  November 10, 1995                      /s/ John T. Carper    
                                             By: John T. Carper
                                                 Chief Financial 
                                                  Officer & Vice 
                                                  President Finance