CD&R Completes $10.3B Takeover of Sealed Air

The private equity firm acquires the packaging company in a major deal.

Apr. 10, 2026 at 2:05pm

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A high-end, photorealistic studio still-life photograph featuring a stack of glossy, premium-looking packaging materials in muted earth tones, such as cardboard, plastic, and paper, arranged elegantly on a clean, monochromatic background, conceptually representing the abstract shifts in the packaging industry.The $10.3 billion acquisition of Sealed Air by private equity firm CD&R signals major changes in the packaging industry as firms seek to invest in established companies with growth potential.Charlotte Today

Private equity firm CD&R has completed its $10.3 billion acquisition of Sealed Air, a leading packaging company. Under the terms of the deal, Sealed Air shareholders received $42.15 in cash per share. Sealed Air will remain headquartered in Charlotte, North Carolina and continue operating under the Sealed Air name as a privately held company.

Why it matters

The acquisition of Sealed Air by CD&R represents a significant shift in the packaging industry, as a major player is taken private. It reflects the ongoing consolidation and private equity investment in the sector, which has seen increased demand for packaging solutions during the pandemic. The deal also provides Sealed Air with new resources to invest in innovation and growth as a privately held company.

The details

Sealed Air and CD&R signed a definitive agreement for the $10.3 billion deal in November 2025. Under the terms, Sealed Air shareholders received $42.15 in cash for each common share held. Sealed Air President and CEO Dustin Semach said the partnership with CD&R will allow the company to 'accelerate our strategy by investing in innovation and expanding our capabilities.' CD&R partner Rob Volpe expressed excitement about supporting Sealed Air's 'momentum and accelerate growth' as a privately held company.

  • The definitive agreement for the $10.3 billion deal was signed in November 2025.
  • The transaction closed on April 10, 2026.

The players

CD&R

A private equity firm that has acquired Sealed Air in a $10.3 billion deal, taking the packaging company private.

Sealed Air

A leading packaging company that has been acquired by private equity firm CD&R in a $10.3 billion transaction, allowing it to operate as a privately held company.

Dustin Semach

The President and CEO of Sealed Air, who expressed excitement about the partnership with CD&R and the opportunities it provides to invest in innovation and growth.

Rob Volpe

A partner at CD&R, who commented on the firm's excitement to support Sealed Air as it enters its 'next phase of growth and success' as a privately held company.

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What they’re saying

“Today marks the beginning of an exciting new chapter for Sealed Air. With CD&R's partnership, we will accelerate our strategy by investing in innovation and expanding our capabilities, enabling us to operate with a longer-term view and deliver even greater value to our customers and employees.”

— Dustin Semach, President and CEO, Sealed Air

“We are excited to complete this transaction and partner with Sealed Air as the company enters its next phase of growth and success. Sealed Air has built a strong foundation with deep customer and supplier relationships, differentiated capabilities, and a talented team, and we look forward to supporting them as they continue their momentum and accelerate growth.”

— Rob Volpe, Partner, CD&R

What’s next

Sealed Air will continue operating under its existing name and leadership team as a privately held company, with plans to invest in innovation and growth with the support of its new owner, CD&R.

The takeaway

The acquisition of Sealed Air by private equity firm CD&R reflects the ongoing consolidation and investment in the packaging industry, as companies seek to expand capabilities and pursue long-term growth strategies outside of the public markets.