08:55 AM EST, 11/17/2025 (MT Newswires) -- Sealed Air ( SEE ) on Monday agreed to be acquired and taken private by funds affiliated with investment firm Clayton, Dubilier & Rice, or CD&R, in an all-cash deal worth about $10.3 billion.

Shareholders of the food and protective packaging solutions provider will receive $42.15 per share under the terms of the transaction. The deal price reflects a 24% premium to Sealed Air's ( SEE ) 90-day volume-weighted average price as of Nov. 12, when media speculation began about a potential deal between the two companies.

Sealed Air's ( SEE ) stock declined 3.2% in the most recent premarket activity.

"This transaction delivers significant and derisked value to Sealed Air ( SEE ) stockholders while accelerating our ongoing transformation," Sealed Air ( SEE ) Chief Executive Dustin Semach said in a statement. "CD&R's partnership will enhance our ability to invest in growing our Food and Protective businesses while maintaining a customer-first approach."

The transaction, which requires regulatory and shareholder approval, is expected to complete in the middle of next year. Following completion, Sealed Air ( SEE ) will remain headquartered in Charlotte, North Carolina, and will no longer trade on the New York stock exchange.

The deal also includes a 30-day go-shop period under which Sealed Air ( SEE ) will be able to actively solicit alternative acquisition proposals, with an additional 15 days to discuss a definitive agreement with the other qualified party. The company said there is no guarantee a superior proposal will materialize.

Earlier this month, Sealed Air ( SEE ) reported third-quarter adjusted earnings of $0.87 per share, up from $0.79 the year before, while sales edged up 0.5% to $1.35 billion. At the time, the company said it expects adjusted EPS to be in a range of $3.25 to $3.35 on sales of $5.28 billion to $5.33 billion in fiscal 2025, while the current consensus on FactSet is for non-GAAP EPS of $3.32 and sales of $5.3 billion.

"Sealed Air ( SEE ) is an exceptional global business with a talented leadership team, leading franchises and attractive underlying fundamentals," CD&R Partner Rob Volpe said. "We are committed to supporting Sealed Air's ( SEE ) continued investment in its people, assets, and product portfolio."