Sealed Air to Go Private After Sale in the New Year
The $10.3 billion deal to sell Sealed Air Corporation is expected to close in the New Year, with the publicly traded company going private.
The global provider of food and protective packaging solutions reported last month that it is being acquired by funds affiliated with CD&R, a private investment firm with experience in the industrial and packaging industries.
Sealed Air stockholders will receive $42.15 in cash per share. After the sale closes in mid-2026, Sealed Air will become a privately held company, and its common stock will no longer be traded on the New York Stock Exchange, the company says.
The decision to sell was made after a review of strategic alternatives over the previous year, Henry R. Keizer, chair of the Sealed Air board said in a statement.
Dustin Semach, president and CEO, says the partnership with CD&R will enhance the company’s ability to invest in growing its food and protective businesses while maintaining a customer-first approach.
CD&R is privately owned by its partners and has offices in New York and London.
“Sealed Air is an exceptional global business with a talented leadership team, leading franchises and attractive underlying fundamentals,” says Rob Volpe, partner at CD&R. “We are committed to supporting Sealed Air’s continued investment in its people, assets, and product portfolio.”
Sealed Air’s headquarters will remain in Charlotte, North Carolina. In 2024, it generated $5.4 billion in sales. It has approximately 16,400 employees who serve customers in 117 countries/territories.
