CD&R to acquire Sealed Air for US$10.3B in key packaging deal

USA – Sealed Air Corporation, a supplier of protective packaging solutions, has signed an agreement for acquisition by funds linked to Clayton, Dubilier & Rice (CD&R), a private investment firm experienced in industrial and packaging sectors. 

The all-cash deal carries an enterprise value of US$10.3 billion, providing shareholders with US$42.15 per share in a transaction approved unanimously by the company’s board. 

According to company filings, this arrangement includes a 30-day go-shop period, allowing Sealed Air to explore superior offers from other parties. 

The acquisition will take Sealed Air private, leading to its delisting from the New York Stock Exchange, while operations continue from its Charlotte, North Carolina headquarters.

Henry R. Keizer, chairman of Sealed Air’s board, described the move in a statement as delivering “significant value and immediate certainty for our stockholders,” adding that it supports the execution of the firm’s long-term plans. 

Dustin Semach, the company’s president and chief executive officer, noted that the partnership with CD&R would speed up ongoing changes and enable greater investments in food and protective packaging lines, all while prioritizing customer needs. 

He highlighted opportunities for quicker innovation and wider market access to benefit clients and staff.

Rob Volpe, a partner at CD&R, expressed enthusiasm for the deal, stating, “Sealed Air is an exceptional global business with a talented leadership team, leading franchises and attractive underlying fundamentals.” 

The firm plans to back investments in personnel, infrastructure, and product development, drawing on the company’s established ties with customers and suppliers. 

Financing for the transaction comes from CD&R’s own funds alongside debt arrangements with banks including BofA Securities, BNP Paribas, Goldman Sachs, and JP Morgan, among others.

The deal is projected to finalize in mid-2026, pending standard regulatory approvals.

In 2024, Sealed Air reported US$5.4 billion in revenue and employed more than 16,000 people across its operations in food, medical, industrial, and e-commerce packaging. 

The company’s offerings include materials designed to reduce waste and enhance recyclability, aligning with demands for eco-friendly options in global supply chains. 

In related development, Tipa invested US$12 million to acquire Sealpap to advance paper-based barrier technologies and to support Novvia Group’s expansion through the Aaron Packaging buyout in the Northwest U.S. 

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