ELMWOOD PARK, N.J. (AP) -- Food packaging company Sealed Air Corp. said Thursday that it has received the needed regulatory approvals for its $4.3 billion acquisition of Diversey Holdings Inc.
Sealed Air agreed in June to buy Diversey, a privately held cleaning and sanitation services company based in Sturtevant, Wis. Diversey has industrial and retail customers in the food and beverage, health care, lodging and building services in more than 60 countries. It generated $3.1 billion in revenue in 2010.
The sale, which is subject to customary closing conditions, is expected to close early in the fourth quarter, Sealed Air said.
