Sealed Air has agreed to be acquired by funds affiliated with Clayton, Dubilier & Rice in an all-cash transaction valuing the company at $10.3 billion, marking one of the largest private equity takeovers in the industrial packaging sector this year. Under the terms of the agreement, Sealed Air stockholders will receive $42.15 per share in cash, representing a forty-one percent premium to the company’s unaffected share price as of August 14, 2025, and a 24% percent premium to its ninety-day volume-weighted average trading price as of November 12, 2025.
Sealed Air, which generated $5.4 billion in revenue in 2024 and employs approximately 16,400 people across 117 countries and territories, provides packaging solutions to customers in food, medical, e-commerce, logistics, and industrial markets. The Charlotte-based company, known globally for its food and protective packaging portfolio, including Cryovac and Bubble Wrap, said the deal follows a year-long strategic review. The acquisition is intended to support Sealed Air’s long-term growth initiatives while providing immediate value to stockholders. CD&R, which has extensive experience in both the industrial and packaging sectors, plans to invest further in the company’s core operations, innovation pipeline, and global expansion.
Following completion of the transaction, Sealed Air will become a privately held company and its shares will be delisted from the New York Stock Exchange. The company’s headquarters will remain in Charlotte, North Carolina. Closing is expected in mid-2026, pending stockholder approval, regulatory review, and customary conditions.
Deal support: CD&R has arranged committed equity financing through its affiliated funds, while debt financing commitments have been provided by a syndicate led by J.P. Morgan Securities, BofA Securities, BNP Paribas, Goldman Sachs, UBS, and Wells Fargo, with Citi, Mizuho, and RBC Capital Markets participating as well. Evercore served as exclusive financial advisor to Sealed Air, while Latham & Watkins provided legal counsel. CD&R was advised by BofA Securities, BNP Paribas Securities Corp, Citi, Goldman Sachs, J.P. Morgan Securities, Lazard, Mizuho, RBC Capital Markets, UBS, and Wells Fargo. Kirkland & Ellis and Debevoise & Plimpton acted as legal counsel to the private equity firm.
KEY QUOTES:
“After careful review of strategic alternatives over the past year, the Board is confident that this transaction delivers significant value and is in the best interests of our stockholders and the Company. Furthermore, this transaction represents a realization of immediate and certain value for Sealed Air stockholders at a substantial premium and enables the Company to execute its long-term strategic vision.”
Henry R. Keizer, Chairman Of The Board, Sealed Air
“Today marks an inflection point in Sealed Air’s history and we look forward to embarking on this next phase of growth in partnership with CD&R. This transaction delivers significant and derisked value to Sealed Air stockholders while accelerating our ongoing transformation. CD&R’s partnership will enhance our ability to invest in growing our Food and Protective businesses while maintaining a customer-first approach. Through more rapid innovation, expanded capabilities and broader reach, we will create more value for our customers and more opportunities for our employees.”
Dustin Semach, President And Chief Executive Officer, Sealed Air
“Sealed Air is an exceptional global business with a talented leadership team, leading franchises and attractive underlying fundamentals. The Company has a strong foundation in its industry leadership, committed employee base, deep customer and supplier relationships, differentiated product portfolio and demonstrated operating capability. We are committed to supporting Sealed Air’s continued investment in its people, assets, and product portfolio. We have great respect for Sealed Air’s senior leadership team, and look forward to partnering with them.”
Rob Volpe, Partner, CD&R
