Sealed Air (SEE) to Acquire Liquibox for $1.15 Billion

Sealed Air (NYSE: SEE) has signed a definitive agreement to acquire Liquibox, a manufacturer of sustainable bag-in-box fluids & liquids packaging and dispensing solutions, for $1.15 billion on a cash-free, debt-free basis. The deal is positioned as a highly complementary add to SEE’s Cryovac Fluids & Liquids business, with expected annualized cost synergies of $30 million and a close expected in the first quarter of 2023.