Sealed Air sells Diversey to Bain for US$3.2 billion
Creating a new hygiene and cleaning solutions company, Sealed Air has sold its Diversey Care division and its food hygiene and cleaning business to Bain Capital Private Equity for around US$3.2 billion. The sale is expected to be finalised in the second half of 2017. In 2016 the combination of Diversey Care and related food hygiene businesses generated approximately $2.6 billion in net sales.
The newly created company, which is to be called ‘New Diversey’, will employ about 8600 people across the globe, integrating 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.
Already-initiated growth strategies, including the ‘Internet of Clean’, robotics and AHP disinfection technologies, are expected to be continued by New Diversey as the company seeks to drive further expansion and improved profitability.
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