CD&R to Acquire Sealed Air for $10.3 Billion

On November 17, 2025, Sealed Air Corporation announced a definitive agreement to be acquired by funds affiliated with Clayton, Dubilier & Rice (CD&R). The acquisition deal is valued at $10.3 billion, with Sealed Air stockholders set to receive $42.15 in cash per share. This offer reflects a significant premium of 41% over the company’s unaffected stock price from August 14, 2025.

Details of the Acquisition

This cash transaction has been unanimously approved by Sealed Air’s Board of Directors and is projected to close in mid-2026. The completion is contingent on stockholder approval and necessary regulatory clearances. Sealed Air will undergo a “go-shop” period of 30 days following the agreement, allowing the company to seek alternative acquisition proposals.

Key Statements from Leadership

• Henry R. Keizer, Chairman of the Board: Emphasized that the transaction delivers substantial value for stockholders and supports the company’s long-term strategic vision.
• Dustin Semach, President and CEO: Stated that this marks an important transition in Sealed Air’s journey, aiming for growth while focusing on customer needs.
• Rob Volpe, Partner at CD&R: Acknowledged Sealed Air’s strong market position and committed to supporting ongoing investments in the company’s growth.

Financial Insights

CD&R’s investment strategy will facilitate Sealed Air’s ongoing transformation to enhance its capabilities in the food and protective packaging sectors. Financing for the acquisition has been secured through commitments from CD&R’s investment funds and a debt financing group led by major firms such as J.P. Morgan Securities and Goldman Sachs.

Post-Acquisition Outlook

Upon the transaction’s completion, Sealed Air will operate as a privately held entity. Its stock will no longer be available on the New York Stock Exchange. The company’s headquarters will remain in Charlotte, North Carolina.

Sealed Air’s Profile

Sealed Air Corporation is recognized globally for its innovative packaging solutions in various sectors, including food protection and logistics. In 2024, the company reported revenues of $5.4 billion and has approximately 16,400 employees working in 117 countries.

About CD&R

Founded in 1978, CD&R is a private investment firm focused on building sustainable businesses across multiple industries, including healthcare and technology. The firm operates from offices in New York and London and emphasizes strong stewardship and long-term value creation.