Sealed Air Corporation, manufacturer of packaging materials and systems, announced the $3.2 billion sale of its New Diversey division to the private investment company Bain Capital Private Equity. It reorganizes the Diversey Care division which includes the group's professional cleaning solutions, as well as food hygiene activities.
Note that the Sealed Air’s board of Directors authorized an increase in the share repurchase program by an additional $1.5 billion. The transaction is expected to be completed in the second half of 2017.
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