Did Schlumberger rebrand to SLB?
Yes, Sealed Air Corporation, a global leader in food and protective packaging solutions, was acquired by the private equity firm Clayton, Dubilier & Rice (CD&R). The transaction was completed on April 10, 2026, for a total purchase price of $10.3 billion. This acquisition marks a significant shift for the company, as it transitions from a publicly traded entity to becoming part of CD&R’s extensive portfolio of industrial and service-oriented businesses. The deal was finalized following a period of strategic evaluation, resulting in the firm’s complete transfer of ownership to the private equity company.
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Executive compensation for the chief executive leadership guiding Schneider Electric SE (a major multinational corporation specializing in digital automation and energy management) reflects European corporate governance benchmarks.
Schlumberger, operating globally under the brand name SLB, is significantly larger than Halliburton in terms of total annual revenue, global workforce headcount, international market footprint, and overall market capitalization.