Carlyle Group to buy a Japanese sanitation unit from Sealed Air for a reported $377 mn
31 Oct 2012
US private equity firm Carlyle Group today agreed to buy a Japanese sanitation unit from the US food packaging company Sealed Air Corp, for a reported $377 million.
Without saying from where it got the information, The New York Times said that Carlyle will acquire for Diversey G.K for $377 million.
Washington-based Carlyle which has $156 billion of assets under management, will acquire Diversey G.K., a provider of cleaning and hygiene products and services in the Japanese market.
Sealed Air, the owner of Bubble Wrap brand, had in 2011 acquired privately held Diversey Holdings in a $4.3 billion deal.
Diversey G.K. is a leading provider of cleaning, sanitation and hygiene products and solutions to institutional customers in the Japanese market. The company serves end-users in the building maintenance, retail, food service, hotel, health care, and food, dairy and beverage sectors.
Carlyle said that Toshiro Misumi, executor of Diversey G.K., will assume the position of president and CEO upon closing and take the helm at the newly independent Diversey Japan.
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