K&L Gates Advises Sealed Air Corporation on US$510 Million Acquisition of Automated Packaging Systems
3 September 2019
Charlotte – Global law firm K&L Gates advised Sealed Air Corporation (NYSE: SEE), global provider of fulfillment and packaging solutions, on its strategic acquisition of Automated Packaging Systems, Inc., manufacturer of automated bagging systems, for $510,000,000.
The acquisition will expand and complement Sealed Air’s protective packaging solutions, supply chain, cross-selling opportunities and engineering, automation, and sustainability capabilities. The new company will employ more than 16,000 personnel and serve customers in 123 countries.
The team that advised Sealed Air was led by corporate partners Kevin Stichter, John Blair and Britt Doolittle (Charlotte) with help from partners Rikki Sapolich-Krol (employee benefits, San Francisco), Jared Mobley (tax, Charlotte) and Emily Reynolds (real estate, Charlotte) and corporate associates Hillary Dawe and Morgan Mayes (Charlotte) along with additional partners and associates in 13 offices, including four international offices.
“Sealed Air is a leader in the packaging industry and this acquisition will expand their solutions and services,” said Stichter. “We’re pleased to represent them on this and continue to help them achieve their growth goals.”