Sealed Air Corporation (SEE) entered into a merger agreement on November 17, 2025, to be acquired by Clayton Dubilier & Rice (CD&R) in an all-cash deal valued at $10.3 billion.
Sealed Air stockholders will receive $42.15 in cash per share, representing a discount of 2.61% from the stock’s last close.
Sealed Air is a packaging solutions company that designs and delivers sustainable materials, automation systems, and protective packaging for food, medical, e-commerce, and industrial markets worldwide. It serves customers across 117 countries with leading brands such as Cryovac, Bubble Wrap, Autobag, and Liquibox.
CD&R is a private investment firm that buys companies and works with their management teams to help them grow and improve. It invests in businesses across industries like industrials, healthcare, consumer products, technology, and financial services, and operates from New York and London.
Last week, the Wall Street Journal reported that buyout firm Clayton Dubilier & Rice was in talks to take packaging provider Sealed Air private. The stock was trading at $36.38 before the report came out.
The deal is expected to close in mid-2026.
Sealed Air has a 30-day go-shop period to solicit additional acquisition proposals from third parties.
Equity financing for the deal has been committed by investment funds affiliated with CD&R, and debt financing has been arranged by a group led by J.P. Morgan, BofA, BNP Paribas, Goldman Sachs, UBS, and Wells Fargo. Citi, Mizuho, and RBC Capital Markets have also provided committed financing to CD&R.
Sealed Air will keep its headquarters in Charlotte, North Carolina.
Evercore and Latham & Watkins served as Sealed Air’s financial and legal advisors, respectively. CD&R received financial advice from BofA, BNP Paribas, Citi, Goldman Sachs, J.P. Morgan, Lazard, Mizuho, RBC Capital Markets, UBS Investment Bank, and Wells Fargo. At the same time, legal counsel was provided by Kirkland & Ellis and Debevoise & Plimpton.
CD&R is paying 9.93 times EBITDA for Sealed Air.
For more intricate details regarding this M&A deal, please visit the Deal Metrics page:
Deal Metrics for the acquisition of Sealed Air Corporation (SEE) by Clayton Dubilier & Rice (CD&R)
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Editor’s Note: Baranjot Kaur contributed to this article