Sealed Air agrees $10.3bn takeover by CD&R

Sealed Air has agreed to be acquired by funds affiliated with private equity company Clayton, Dubilier & Rice (CD&R) in an all-cash transaction valuing the packaging materials company at $10.3bn. The deal, approved by Sealed Air’s board, is expected to close in mid-2026. Sealed Air will become privately held, retain its headquarters in Charlotte, North Carolina, and be delisted from the New York Stock Exchange. Sealed Air board chairman Henry Keizer stated: “After careful review of strategic alternative ...