M&A Deal Summary

Sealed Air Acquires Diversey

On June 1, 2011, Sealed Air acquired chemicals company Diversey from CD&R for 4.3B USD

Acquisition Highlights
  • This is Sealed Air’s 1st transaction in the Chemicals sector.
  • This is Sealed Air’s largest (disclosed) transaction.
  • This is Sealed Air’s 3rd transaction in the United States.
  • This is Sealed Air’s 1st transaction in South Carolina.
Investment Fate
  • Diversey was divested to a consortium of buyers in 2017 for 3.2B USD.
  • Diversey went public in 2021.
  • Diversey was sold to a strategic buyer in 2023 for 6.8B USD.

M&A Deal Summary
Date 2011-06-01
Target Diversey
Sector Chemicals
Buyer(s) Sealed Air
Sellers(s) CD&R
Deal Type Add-on Acquisition
Deal Value 4.3B USD
Advisor(s) Goldman Sachs (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Diversey

Fort Mill, South Carolina, United States
website
Diversey is 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. Diversey was incorporated in 1923 and is based in Fort Mill, South Carolina.

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Buyer(S) 1

Buyer

Sealed Air

Charlotte, North Carolina, United States

website

Category Company
Founded 1960
Sector Packaging
Employees16,500
Revenue 5.5B USD (2021)
DESCRIPTION
Entrance to Sealed Air's corporate headquarters in Charlotte, North Carolina.
Entrance to Sealed Air's corporate headquarters in Charlotte, North Carolina.

Sealed Air is a global provider of food safety and security, facility hygiene and product protection. Sealed Air serves an array of end markets including food and beverage processing, food service, retail, healthcare and industrial, and commercial and consumer applications. Sealed Air was formed in 1960 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 5 of 19
Sector (Chemicals) 1 of 2
Type (Add-on Acquisition) 4 of 14
State (South Carolina) 1 of 1
Country (United States) 3 of 9
Year (2011) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-21 ProAseptic Technologies S.L.

Barcelona, Spain

ProAseptic Technologies, a Barcelona company that designs and manufactures packaging and machinery of filling in aseptic and ultra clean of food products and beverages.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-04 Advanced Thermoforming Costa Rican Operation

United States

Advanced Thermoforming Costa Rican Operation engages in manufacturing of thermoformed parts for the medical, pharma and bio-pharma industries.

Buy -

Seller(S) 1

SELLER

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.

DEAL STATS #
Overall 11 of 42
Sector (Chemicals) 1 of 2
Type (Add-on Acquisition) 3 of 14
State (South Carolina) 1 of 1
Country (United States) 9 of 32
Year (2011) 1 of 1
Size (of disclosed) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-31 SPIE

Cergy-Pontoise, France

SPIE is a provider of multi-technical contracting services in France providing electrical, heating ventilation and air conditioning servicing and mechanical engineering to a wide range of end markets. SPIE was founded in 1900 and is based in Cergy-Pontoise, France.

Buy €2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-30 Hussmann

Bridgeton, Montana, United States

Hussmann Corp. is a manufacturer of refrigerated display cases and systems.

Buy -
Mergr

Product

Company

Legal