| Decision | Consent granted Section 12(1)(b) and Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 9 March 2026 |
| Pathways | Benefit to New Zealand and Significant business assets |
| Investment | Acquisition by Clayton, Dubilier & Rice (CD&R) of up to 100% of the shares in Sealed Air Corporation (Sealed Air) which gives an interest in approximately 4 hectares of sensitive land. |
| Consideration | Withheld under section 9(2)(b)(ii) of the Official Information Act 1982 |
| Applicant | Sword Merger Sub, Inc. Clayton, Dubilier & Rice Fund XII, L.P. and affiliated funds 100% |
| Vendor | The shareholders of Sealed Air Corporation United States of America 30% Various 70% |
| Background | The Applicant is ultimately owned by CD&R, a private investment firm, based in the United States. As part of a global transaction the Applicant is acquiring, via 6 limited partnership funds, sole control of Sealed Air. Sealed Air has a presence in New Zealand operating through its subsidiary Sealed Air (New Zealand). Sealed Air is a global provider of packaging solutions. The main benefits to New Zealand are likely to be the maintenance of New Zealand’s strong international reputation as a country that welcomes high quality investment as well as advancing government policy on investment. Consent was granted as the Applicant met the investor test criterion and the investment is likely to benefit New Zealand. |
| More information | Glenn Shewan Bell Gully PO Box 4199 Auckland 1140 |