The Packaging Titan at a Glance
Sealed Air is a global leader in designing packaging that preserves food, protects goods, and automates major processing operations. Its products span industries—everything from medical supplies to industrial fluids—carried under brands including Bubble Wrap, Cryovac, Liquibox, Sealed Air and Autobag.
In 2024, the company posted $5.4 billion in sales and employed roughly 16,400 workers worldwide.
Deal Timeline, Go-Shop Drama, and What Comes Next
The transaction, unanimously approved by Sealed Air’s board, is expected to close by mid-2026, pending regulatory and shareholder approval. But before the ink dries, one suspenseful twist remains: a 30-day go-shop period allowing Sealed Air to actively solicit competing offers, with an extra 15 days granted for negotiations with any qualified bidders.
This mechanism has been pivotal in several recent megadeals. Pfizer, for instance, filed suit earlier this year when a rival bid threatened its now-completed $10 billion acquisition of Metsera. Similarly, Baker Hughes’ $13.6 billion all-cash offer for Chart Industries toppled a prior agreement between Chart and Flowserve.
