Sealed Air has obtained all required regulatory clearances for its acquisition by funds affiliated with private equity company Clayton Dubilier & Rice (CD&R).
First announced in November 2025, the $10.3bn deal is now anticipated to close in April 2026, subject to remaining standard closing conditions.
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Sealed Air president and CEO Dustin Semach said: “The receipt of all regulatory approvals brings us another step closer to completing the transaction with CD&R and embarking on the next phase of innovation and growth at Sealed Air.
“With this milestone complete, we are focused on finalising the remaining closing conditions and completing the transaction in the coming weeks.”
As part of the agreement, shareholders will receive $42.15 per share in cash.
Upon completion, Sealed Air will become a privately held company, with its shares delisted from the New York Stock Exchange.
To fund the purchase, nearly $4.7bn in leveraged loans are being marketed by banks.
According to sources cited by Bloomberg, JPMorgan Chase is leading a $4.1bn dollar loan syndication while BNP Paribas is handling a $600m euro-denominated loan.
Sealed Air posted net earnings of $44m for Q4 2025, reversing a loss of less than $1m reported in the same period of the previous year.
The bubble wrap maker generated net sales of $1.4bn in the quarter, up 2% year-on-year.
Sealed Air employs approximately 16,100 staff serving customers in 119 countries and territories globally.
It operates across various sectors, including food, medical, e-commerce, logistics and industrial markets.
