SEALED AIR CORP/DE: M&A transaction — Sealed Air completes $1.15B acquisition of Liqui-Box for CRYOVAC fluids & liquids growth

SEALED AIR CORP/DE

Purchase price of $1.15B on cash/debt-free basis; acquisition completed Feb 1, 2023.
Liqui-Box is a Bag-in-Box sustainable packaging solutions provider for food, beverage, industrial end-markets.
Acquisition accelerates CRYOVAC brand Fluids & Liquids business, SEE's fastest-growing segment.
Pre-closing reorganization separated certain Liqui-Box product lines (DW Reusables, Corplex, Engineered Foam Products).
SEE will discuss closing details on full-year 2022 earnings call on Feb 9, 2023.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SEALED AIR CORP/DE completed an acquisition involving LB Holdco, Inc. for approximately $1.15 billion (closed 2023-02-01).

Action: acquisition
Counterparty: LB Holdco, Inc.
Consideration: approximately $1.15 billion
Closing: 2023-02-01

Exact text from the filing

set forth therein, Buyer acquired from the Seller all of the issued and outstanding shares of capital stock of Liqui-Box for an aggregate cash purchase price of approximately $1.15 billion after giving effect to customary adjustments for specified Seller transaction expenses, working capital, cash, certain tax specific attributes and indebtedness of Liqui-Box at

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Source: SEC EDGAR

accession 0001628280-23-001900

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