USA
Sealed Air Corporation announced on 27 March that it has entered into a definitive agreement to sell its Diversey Care division and the food hygiene and cleaning business within its Food Care division – to be known as New Diversey – to Bain Capital Private Equity, a leading global private investment firm, for approximately $3.2 billion.
Diversey Care is currently one of three divisions of Sealed Air, the maker of Bubble Wrap. The others are food care and product care.
New Diversey will be a hygiene and cleaning solutions company that integrates chemicals, floor care machines, tools and equipment, with a wide range of technology based value-added services, food safety services and water and energy management.
New Diversey will continue to employ approximately 8,600 people globally. Diversey Care and the related food hygiene businesses combined generated net sales of approximately $2.6 billion in 2016.
The sale of New Diversey is expected to close in the second half of 2017, and is subject to certain regulatory approvals and customary closing conditions.
