Shareholders of packaging business Sealed Air have voted to approve the company’s acquisition by an affiliate of private equity company Clayton, Dubilier & Rice (CD&R), in a transaction valued at $10.3bn.
The decision followed a special meeting where all proposals related to the takeover received shareholder support.
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Sealed Air will disclose the final voting results in a forthcoming filing with the US Securities and Exchange Commission.
Sealed Air CEO Dustin Semach said: “We are pleased with the results of the special meeting, and we thank our stockholders for their strong support for this transaction.
“We look forward to closing the transaction in the coming months.”
Announced in November 2025, the deal would remove Sealed Air from the New York Stock Exchange. The company will maintain its headquarters in Charlotte, North Carolina.
The transaction is anticipated to close by mid-2026. Completion of the deal remains subject to regulatory approval and other standard closing requirements.
According to a report from Bloomberg earlier this month, financial institutions are preparing $7.9bn in debt to fund the acquisition, with a consortium that includes JPMorgan Chase and Wells Fargo organising a high-yield bond issue yielding between 7% and 7.25%.
Additionally, around $4.5bn in leveraged loans, split between US dollars and euros, will form part of the financing.
Other participating banks include BNP Paribas, Goldman Sachs Group, and UBS Group.
Sealed Air operates internationally in packaging solutions for food, medical, retail, logistics, and industrial sectors through various brands.
