April 14, 2026 11:10

The acquisition of US food and protective packaging giant Sealed Air by private equity firm Clayton, Dubilier & Rice (CD&R), a transaction announced in November last year (read article), has now been completed.

The deal has an enterprise value of $10.3 billion. With the closing of the transaction, Sealed Air shareholders are entitled to receive $42.15 in cash for each share of common stock held immediately prior to the effective time of the merger.

Sealed Air will retain its corporate name and headquarters in Charlotte, North Carolina, but not its stock market listing: the company has in fact been delisted from the New York Stock Exchange.

“Today marks the beginning of an exciting new chapter for Sealed Air,” said Dustin Semach, President and Chief Executive Officer of the US company. “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.”

Sealed Air specialises in the design and production of packaging, combined with automation systems, machinery and services. In financial year 2025, it generated revenues of $5.36 billion — slightly down on the previous year — and employs around 16,400 people across 117 countries. Its best-known brands include Cryovac in food packaging, Sealed Air in protective solutions, Liquibox for liquid packaging systems, Autobag in automated packaging systems and Bubble Wrap, the iconic bubble packaging brand.

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