Breaking! $6.2 Billion Mega Acquisition, Syure May Be Privatized By CD&R!

Global leading food and protective packaging solutions provider Huayueer Company recently announced that it has reached a definitive agreement to be acquired by a fund under private equity firm CD&R for approximately $6.2 billion, with an acquisition price of $42.15 per share in cash.

According to the press release, the total enterprise value of the transaction is $10.3 billion. The deal has been approved by Huayueer's board of directors and is expected to be completed by mid-2026, subject to regulatory and shareholder approvals. Huayueer will be delisted from the New York Stock Exchange and become a private company. The agreement allows Huayueer to actively seek other acquisition offers during the 30 days ending December 16.

Transaction core: 41% of the cash value at a premium
Under the terms of the agreement, each common share held by Xiyuel shareholders will receive $42.15 in cash. This price is undoubtedly an attractive high premium for shareholders.
41% premium: Compared to Xiyuel's unaffected share price as of August 14, 2025.
24% premium: Compared to Xiyuel's 90-day volume-weighted average price (VWAP) as of November 12, 2025.
Henry S. R. Keiser emphasized, "After careful evaluation of various strategic options over the past year, the Board is confident that this transaction will bring significant value and is in the best interests of our shareholders and the company. He said the transaction will deliver immediate and definite value to Sea Joel shareholders at a fairly high premium, while enabling the company to better execute its long-term strategic vision.
Embark on a new chapter: accelerate transformation and continuous innovation
Dustin Semacher, President and CEO of Seale, sees this day as a "turning point" in the company's journey. He said he looks forward to working with CD&R, which has extensive experience in the industrial and packaging industries, to start the next phase of growth.
Semach pointed out that this transaction will not only bring significant and risk-controllable value to Xiyuel shareholders, but also accelerate the company's continued transformation. The addition of CD&R will significantly enhance Xiyuel's ability to invest in the development of its food and protection business, while maintaining a customer-first philosophy. He believes that through faster innovation, greater capabilities and wider reach, the company will be able to create more value for customers and more opportunities for employees.
Seale's products and services cover a wide range of end markets, including fresh protein, food, liquids, medical and life sciences, e-commerce retail, logistics, and industrial. The company has world-renowned solution brands, including CRYOVAC® food packaging, Xiyuel ® protective packaging, LIQUIBOX® liquid packaging system, AUTOBAG® automated packaging system and classic BUBBLE WRAP® packaging. The company had sales of $5.4 billion in 2024 and employed approximately 16,400 people, serving customers in 117 countries.
CD&R's Promise: Long-Term Investment and Value Creation
CD&R partner Rob Volp spoke highly of the value of Xiyuel. He noted that Xiyuel is a "global company of excellence" with a talented leadership team, leading business segments and attractive fundamentals.
CD&R is optimistic about Ciel's strong business foundation, which includes its industry leadership, loyal workforce, deep customer and supplier relationships, differentiated product portfolio, and operational excellence. CD&R is committed to supporting Ciel's continued investment in its people, assets and product portfolio, and looks forward to working closely with Ciele's senior leadership team to achieve long-term value creation.
Founded in 1978, CD&R is a leading private equity firm with a strategy to build a more robust and sustainable business by combining extensive investment experience and deep operational capabilities, with an eye on long-term value creation and an emphasis on proactive corporate management and impact.
Transaction background: Net profit rose 178% strongly
It is worth noting that before announcing the acquisition, the latest financial report released by Xiyuel showed strong growth momentum.
Despite the challenges of slowing global economic growth, Seattle's performance in the third quarter of 2025 remained impressive: revenue for the quarter was $1.351 billion, basically unchanged from $1.345 billion in the same period last year. Net income for the third quarter was approximately $255 million, a staggering 178% increase from $91.7 million in the same period last year.
Judging from the cumulative situation in the first three quarters, the company's overall revenue was $3.959 billion, slightly lower than $4.02 billion in the same period last year, but the net profit in the first three quarters reached $462 million, a significant increase from $272 million in the same period last year. The eye-catching financial data undoubtedly provides strong fundamental support for this high-premium acquisition.
Transaction details and financing arrangements
The transaction has been unanimously approved by the board of directors of Seattle and is expected to close in mid-2026, subject to shareholder approval, regulatory approval, and other customary closing conditions.
According to the terms of the agreement, Xiyuel may actively solicit other acquisition options from third parties during the 30-day "inquiry period" after the signing of the agreement, and may be given an additional 15 days to negotiate a final agreement with eligible parties. Ciel said it does not intend to disclose any progress in the RFQ process unless it is deemed necessary or appropriate.
In terms of financing, CD&R's investment funds have committed to providing equity financing. Debt financing is provided by a strong consortium led by JPMorgan Securities LLC, Bank of America Securities, BNP Paribas Securities, Goldman Sachs, UBS Investment Bank and Wells Fargo, and Citigroup, Mizuho Bank and Royal Bank of Canada Capital Markets have also committed to provide financing support for CD&R. Upon completion of the transaction, Seattle's headquarters will remain in Charlotte, North Carolina.