Sealed Air gets EU green light for Diversey acquisition

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Related tags: European union, Sealed air

Sealed Air’s multi-billion dollar takeover of hygiene firm Diversey has been given the go-ahead by the European Commission.

Brussels said there were no anti-competition implications as a result of the buyout after reviewing the deal.

The decision followed Sealed air’s announcement on 1 June 2011 that it had reached an agreement to acquire Diversey Holds for US$4.3bn. The transaction remains subject to regulatory approval from other authorities.

Diversey is a major player in the cleaning of food processing plants. The takeover by Sealed Air would create a global company with 26,000 workers and annual sales reaching $7bn.

Sealed Air said it expects to complete the purchase this year.

Related topics: Processing & Packaging

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