Clayton, Dubilier & Rice has secured shareholder approval for its $6.2 billion acquisition of Sealed Air, following European Commission clearance. The deal advances after Sealed Air stockholders endorsed the transaction at a special meeting, with CEO Dustin Semach praising shareholder support.

The European Commission found the transaction would not raise competition concerns, allowing the deal to proceed toward completion. The transaction, first announced in November, included a 30-day go-shop period during which Sealed Air received proposals from 22 private equity firms and seven strategic parties. Despite multiple offers, the company chose to proceed with CD&R's bid.

Closing remains subject to customary conditions and additional regulatory approvals. The acquisition represents a significant packaging platform investment for CD&R at a time when private equity firms pursue operational transformation strategies. Industry observers will be watching whether CD&R streamlines operations or pursues add-on acquisitions following completion.