Sealed Air wraps its acquisition of Liquibox for $1.15 billion in cash
Charlotte, NC-based Sealed Air Corp. (SEE) has completed its previously announced acquisition of Liquibox for a purchase price of $1.15 billion on a cash and debt-free basis.
This strategic acquisition unites two leaders in the global flexible-packaging industry and aligns with the high-performance growth and innovation cultures of both companies. Liquibox is a pioneer, innovator and manufacturer of Bag-in-Box sustainable fluids & liquids packaging and dispensing solutions for fresh food, beverage, consumer goods and industrial end-markets. This acquisition accelerates SEE’s fastest-growing segment, the CRYOVAC®brand Fluids & Liquids business. CRYOVAC technology, scale and market access provide a significant source of synergies. This acquisition contributes to and fast-tracks SEE’s transformation to become a world-class, digitally driven company automating sustainable-packaging solutions.
“Today is an exciting day for SEE as we welcome the global team at Liquibox,” says Ted Doheny, SEE president/CEO. “This is a powerful combination, bringing together our people, cultures, solution portfolios and global footprints that will deliver more innovative and sustainable solutions to the customers and markets we serve. Finalizing this strategic acquisition is an important step in our journey to world-class status, fueling growth, expanding market penetration and driving earnings power for our SEE Operating Engine.”