Charlotte, N.C., Nov. 17, 2025 — Sealed Air Corp. (SEE), the packaging company known for Bubble Wrap, announced it has agreed to be acquired by private-equity firm Clayton Dubilier & Rice (CD&R) for approximately $6.2 billion in cash, valuing the enterprise at $10.3 billion including debt.

Under the agreement, Sealed Air shareholders will receive $42.15 per share, a price roughly 16% above the stock’s closing price on Wednesday, Nov. 13 ($36.38), and slightly below Friday’s close of $43.28. The deal is expected to close in mid-2026.

Sealed Air will enter a 30-day "go-shop" period, allowing the company to solicit alternative acquisition proposals from other potential buyers.

The acquisition underscores continued private-equity interest in established manufacturing and packaging companies, and CD&R plans to leverage Sealed Air’s global footprint and operations to drive growth.