CHARLOTTE, N.C. (News release) -- Sealed Air Corporation ("Sealed Air" or the "Company"), a leading global provider of food and protective packaging solutions, today announced the completion of its previously announced acquisition by funds affiliated with CD&R.

"Today marks the beginning of an exciting new chapter for Sealed Air," said Sealed Air President and Chief Executive Officer Dustin Semach. "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."

"We are excited to complete this transaction and partner with Sealed Air as the company enters its next phase of growth and success," said Rob Volpe, Partner at CD&R. "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."

Sealed Air will remain headquartered in Charlotte, North Carolina, and will continue to operate under the Sealed Air name. CD&R is committed to supporting Sealed Air's growth across its Food and Protective businesses, building on the Company's legacy of delivering high-performance materials, automated packaging equipment and world-class service.

On November 17, 2025, Sealed Air announced that it had entered into a definitive agreement to be acquired by CD&R at an enterprise value of $10.3 billion. With the completion of the transaction, Sealed Air stockholders are entitled to receive $42.15 in cash for each share of Sealed Air common stock owned as of immediately prior to the effective time of the merger.

Sealed Air is now a privately held company and its shares have ceased trading on the New York Stock Exchange.