Clayton, Dubilier & Rice Completes $6.3B Acquisition of Sealed Air

The private equity firm takes Sealed Air private after a months-long merger process.

Apr. 9, 2026 at 4:23pm

Got story updates? Submit your updates here. ›

Clayton, Dubilier & Rice, LLC has completed its $6.3 billion acquisition of Sealed Air Corporation, a major packaging and materials company. The all-cash deal will take Sealed Air private after the company's shares cease trading on the New York Stock Exchange.

Why it matters

The acquisition of Sealed Air by Clayton, Dubilier & Rice represents a significant shift in the packaging industry, as a major public company is taken private by a private equity firm. This could signal further consolidation and changes in the sector as companies adapt to evolving consumer and supply chain demands.

The details

Under the terms of the merger agreement, Clayton, Dubilier & Rice paid $42.15 per share to acquire Sealed Air. The private equity firm secured $7.9 billion in debt financing to help fund the transaction. Sealed Air's headquarters will remain in Charlotte, North Carolina, and the company will continue to operate under the Sealed Air name.

  • On November 16, 2025, Clayton, Dubilier & Rice entered into an agreement to acquire Sealed Air Corporation.
  • The 'go-shop' period for competing bids expired on December 16, 2025.
  • On February 25, 2026, Sealed Air stockholders approved the transaction.
  • On March 23, 2026, Sealed Air received all required regulatory approvals.
  • The acquisition closed on April 9, 2026.

The players

Clayton, Dubilier & Rice, LLC

A private equity firm that has now taken Sealed Air Corporation private after acquiring the company for $6.3 billion.

Sealed Air Corporation

A major packaging and materials company that was publicly traded on the New York Stock Exchange before being acquired by Clayton, Dubilier & Rice.

Got photos? Submit your photos here. ›

What’s next

With the acquisition now complete, Clayton, Dubilier & Rice will work to integrate Sealed Air and explore opportunities to drive growth and innovation in the packaging industry as a private company.

The takeaway

The Sealed Air acquisition highlights the continued interest of private equity firms in taking public companies private, particularly in mature industries like packaging that are facing evolving market dynamics. This deal could signal further consolidation in the sector as companies seek to gain scale and efficiency.