Sealed Air, one of Charlotte’s major corporate anchors, just sold for $10.3 billion to London-based investment firm Clayton, Dubilier & Rice (CD&R). The all-cash deal values shares at $42.15, a 41% premium over the company’s August stock price, and has been unanimously approved by Sealed Air’s board.

The company noted that its global headquarters will remain in Charlotte, preserving one of the region’s largest corporate centers. The company generated $5.4 billion in sales in 2024 and employs 16,400 people serving customers in 117 countries.

Best known for BUBBLE WRAP®, Cryovac food packaging, and Autobag automation systems, Sealed Air says the deal will strengthen long-term investment and innovation while keeping Charlotte at the center of its global strategy.

“Today marks an inflection

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