Sealed Air Corporation Acquired by CD&R: Key Details for Investors
Sealed Air Corporation Announces Completion of \$10.3 Billion Acquisition by CD&R
Key Highlights from the Report
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Acquisition Completion: Sealed Air Corporation (“Sealed Air” or the “Company”), a global leader in food and protective packaging, has officially completed its previously announced acquisition by funds affiliated with Clayton, Dubilier & Rice (CD&R).
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Transaction Value: The deal values Sealed Air at an enterprise value of \$10.3 billion.
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Shareholder Payout: As a result of the transaction, Sealed Air shareholders are entitled to receive \$42.15 in cash per share for each share of Sealed Air common stock held immediately prior to the merger effective date.
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Privatization: Sealed Air is now a privately held company. Its shares have ceased trading on the New York Stock Exchange (NYSE).
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Strategic Rationale: Under CD&R’s ownership, Sealed Air will have the ability to accelerate its strategy, invest in innovation, and expand its operational capabilities with a long-term vision for growth.
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Operational Continuity: The company will continue to be headquartered in Charlotte, North Carolina and will operate under the Sealed Air name.
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Advisors: Evercore served as exclusive financial advisor and Latham & Watkins LLP as legal counsel to Sealed Air. CD&R was advised by BofA Securities, BNP Paribas, Citi, Goldman Sachs, J.P. Morgan, Lazard, Mizuho, RBC, UBS, and Wells Fargo as financial advisors, with Kirkland & Ellis LLP and Debevoise & Plimpton LLP serving as legal counsel.
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Business Overview: Sealed Air delivers packaging solutions across fresh proteins, foods, medical, e-commerce, logistics, and industrial end markets. Its brands include CRYOVAC®, SEALED AIR®, LIQUIBOX®, AUTOBAG®, and BUBBLE WRAP®.
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CD&R Profile: CD&R is a global private investment firm with a track record of building sustainable businesses across industries including industrial, healthcare, consumer, technology, and financial services.
Important Information for Shareholders
Shareholder Impact:
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The \$42.15 per share cash consideration represents the final payout for shareholders as the company transitions to private ownership. This is a critical, price-sensitive detail for investors, as all trading of Sealed Air shares on the NYSE has now ceased.
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There is no further opportunity to participate in Sealed Air’s equity upside as a public shareholder following this privatization.
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Any outstanding shares not tendered will be converted into the right to receive the cash payout.
Strategic Implications:
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With CD&R’s resources and long-term perspective, Sealed Air is expected to accelerate innovation and growth, particularly in its Food and Protective packaging businesses.
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CD&R’s commitment to supporting Sealed Air’s operational and strategic initiatives may further strengthen the company’s position in global packaging markets.
Forward-Looking Statements and Risks:
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The release contains forward-looking statements about Sealed Air’s future strategy and growth. These statements are subject to a range of risks and uncertainties, and actual results may differ materially from current expectations.
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Sealed Air does not undertake to update forward-looking statements, and investors are encouraged to review risk factors in the company’s filings with the SEC.
Contact Information
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should refer to official filings and consult with their financial advisor before making any investment decisions. All forward-looking statements are subject to risks and uncertainties, and past performance is not indicative of future results.
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