Sealed Air, a global provider of food and protective packaging solutions, announced the completion of its acquisition by funds affiliated with CD&R at an enterprise value of $10.3 billion.
The transaction, which was first announced on November 17, 2025, results in Sealed Air becoming a privately held company. As part of the deal, shareholders received $42.15 in cash for each share of common stock held prior to the merger’s completion. The company’s shares have now ceased trading on the New York Stock Exchange.
Sealed Air will continue to operate under its existing name and remain headquartered in Charlotte, North Carolina. The company plans to leverage its new ownership structure to invest in innovation, expand capabilities, and pursue long-term growth initiatives across its food and protective packaging businesses.
CD&R, a private investment firm founded in 1978, is expected to support Sealed Air’s strategy by providing operational expertise and capital to strengthen its position across key markets, including food packaging, automation, and logistics solutions.
Support: Advisors on the transaction included Evercore as exclusive financial advisor and Latham & Watkins LLP as legal counsel to Sealed Air. CD&R was advised by a group of financial institutions including BofA Securities, BNP Paribas, Citi, Goldman Sachs, J.P. Morgan, Lazard, Mizuho, RBC Capital Markets, UBS Investment Bank, and Wells Fargo, with legal counsel provided by Kirkland & Ellis LLP and Debevoise & Plimpton LLP.
KEY QUOTES:
“Today marks the beginning of an exciting new chapter for Sealed Air. With CD&R’s partnership, we will accelerate our strategy by investing in innovation and expanding our capabilities, enabling us to operate with a longer-term view and deliver even greater value to our customers and employees.”
Dustin Semach, President And Chief Executive Officer, Sealed Air
“We are excited to complete this transaction and partner with Sealed Air as the company enters its next phase of growth and success. Sealed Air has built a strong foundation with deep customer and supplier relationships, differentiated capabilities, and a talented team, and we look forward to supporting them as they continue their momentum and accelerate growth.”
Rob Volpe, Partner, CD&R
