Sealed Air Corporation to Be Acquired by CDR in $10.3 Billion Deal

Sealed Air Corporation, a prominent global player in food and protective packaging, has officially entered into a definitive agreement for acquisition by CDR, a well-regarded private investment firm. This transaction is valued at approximately $10.3 billion, representing a significant shift in the company’s trajectory.

Transaction Details

Under the terms of the agreement, Sealed Air's shareholders will receive $42.15 per share, amounting to a remarkable 41% premium over the unaffected stock price from earlier this year. The acquisition has already received the unanimous approval of Sealed Air's Board of Directors and is anticipated to close by mid-2026, subject to the necessary regulatory approvals and satisfaction of usual closing conditions. The deal is notably structured as an all-cash transaction, providing immediate and certain value to shareholders.

Henry R. Keizer, Chairman of the Board, stated that this decision follows a thorough examination of strategic options, emphasizing that it serves the best interests of the shareholders by delivering substantial returns on their investments.

Growth Potential and Strategic Vision

Dustin Semach, President and CEO of Sealed Air, expressed optimism about entering this new phase of growth in concert with CDR. He highlighted that this partnership is expected to empower Sealed Air’s ongoing transformation while fostering greater innovation in its Food and Protective packaging segments. The acquisition is intended to enhance the company's customer-first approach and broader operational capabilities.

Rob Volpe, a partner at CDR, praised Sealed Air as an exceptional business, underscoring the company’s robust leadership, established franchises, and strong operational foundation. CDR's commitment aligns with enhancing Sealed Air's capacity to invest in its workforce, product development, and offerings, thereby promoting a more sustainable business model.