Bubble Wrap Maker Sealed Air Sold for $6.2 Billion, Here's Who's Taking Over

Core Insights - Sealed Air has agreed to a $6.2 billion buyout by private equity firm CD&R, with shares sliding about 3% following the announcement [1][6] - The all-cash deal offers investors $42.15 per share, which is 2.6% lower than the closing price on the previous Friday but 16% higher than the price before acquisition talks began [2][6] - The transaction, with an enterprise value of $10.3 billion, is expected to close in the middle of next year [5] Company Overview - Sealed Air, based in Charlotte, N.C., is known for manufacturing bubble wrap and other packaging solutions [1] - The company's chair, Henry Keizer, expressed confidence that the transaction delivers significant value for stockholders and the company [4] Industry Context - Private equity firms are increasingly active in the packaging and industrials sector, driven by rising costs and uneven demand [3] - The trend of taking companies private allows investors to restructure manufacturers without the pressures of public market scrutiny [3]