Sealed Air has finalised its sale to investment funds affiliated with CD&R, in a transaction valued at $10.3bn.

A definitive agreement for the deal was signed in November 2025.

According to the terms, Sealed Air shareholders secured $42.15 in cash for each share held.

Sealed Air President and CEO Dustin Semach said: "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."

The business will keep its headquarters in Charlotte, North Carolina, and will continue using the Sealed Air name.

Sealed Air has now become a privately held company, with its shares delisted from the New York Stock Exchange.

CD&R partner Rob Volpe commented: "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."

In the fourth quarter of 2025, Sealed Air reported net earnings of $44m, a turnaround from a net loss of less than $1m in the same period of the previous year.