Sealed Air Corporation announced that it has received all regulatory approvals required to complete its pending acquisition by funds affiliated with private‑equity firm CD&R. The transaction, valued at an enterprise value of $10.3 billion, is expected to close in April 2026 once remaining customary closing conditions are satisfied.
The deal was first announced in November 2025, and Sealed Air’s shareholders approved the all‑cash transaction on February 25 2026. Upon completion, Sealed Air will become a privately held company and its shares will no longer trade on the New York Stock Exchange. The acquisition is expected to add significant revenue and scale to CD&R’s portfolio in the packaging and logistics sector.
Sealed Air’s Q4 2025 results underscored the company’s solid financial footing: adjusted earnings per share of $0.77 beat estimates of $0.73, and revenue of $1.4 billion exceeded expectations. Full‑year 2025 net sales were $5.36 billion, a slight decline from $5.39 billion in 2024, while the company maintained a net debt to adjusted EBITDA ratio below 3.5×. The deal included a 30‑day go‑shop period, during which Sealed Air could solicit competing offers, but it ultimately chose to proceed with CD&R.
"The receipt of all regulatory approvals brings us another step closer to completing the transaction with CD&R and embarking on the next phase of innovation and growth at Sealed Air," said President and CEO Dustin Semach. "With this milestone complete, we are focused on finalizing the remaining closing conditions and completing the transaction in the coming weeks."
The acquisition is expected to allow Sealed Air to focus on long‑term profitability, invest in automation and sustainability, and execute a multiyear turnaround plan. CD&R’s experience in the industrial space is seen as a strategic fit, enabling Sealed Air to strengthen its core Food and Protective packaging segments and pursue growth opportunities without the pressures of public‑market reporting.
Investors welcomed the regulatory approval, citing the premium offered by CD&R and Sealed Air’s strong earnings track record as key drivers of positive sentiment.
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