Sealed Air has confirmed a $10.3 billion buyout agreement with Clayton, Dubilier & Rice, marking its transition to a privately held entity after a successful go-shop period.

Target Information

Sealed Air, a prominent US-based packaging manufacturer, has recently affirmed its agreement for a buyout by funds associated with Clayton, Dubilier & Rice (CD&R). This deal designates an enterprise value of approximately $10.3 billion for the company, with CD&R set to acquire all outstanding shares of Sealed Air’s common stock at a price of $42.15 each. Following the completion of the transaction, Sealed Air will transition to a privately held entity while continuing its operations from its headquarters in Charlotte, North Carolina.

The buyout process witnessed a 30-day 'go-shop' period, which ended at 11:59 PM Eastern Time on December 16, 2025. During this interval, Evercore, acting as Sealed Air's financial advisor, reached out to 29 prospective bidders. This outreach included seven strategic groups and 22 private equity firms, out of which six parties signed confidentiality agreements to access nonpublic information about the company.

Industry Overview

The packaging industry in the United States is a vital sector, significantly contributing to the overall economy. It encompasses a wide range of packaging types, including flexible, rigid, paper, and sustainable solutions. With increasing consumer awareness regardin