Sealed Air Buys Diversey

Sealed Air Corp. will acquire industrial cleaning and sanitization company Diversey Holdings in a cash and stock transaction valued at $4.3 billion.

ELMWOOD PARK, N.J. — Sealed Air Corp. said Wednesday it will acquire industrial cleaning and sanitization company Diversey Holdings in a cash and stock transaction valued at $4.3 billion.

"This transaction represents a strategic growth opportunity that leverages Sealed Air's core competencies and positions our company to further capitalize on the megatrends that drive both businesses," said William V. Hickey, president and chief executive officer, Sealed Air. "With Diversey, we

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