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Henkel reported to be in talks to buy Sealed Air's Diversey professional cleaning business
A story in yesterday's New York Post reports that Henkel - which in the 90s, as Henkel Ecolab, was one of the leading names in the European professional cleaning market, is in talks to buy Sealed Air's professional cleaning business, Diversey.
The talks are said to have been revealed by two sources, but have yet to be confirmed by either company, according to the publication.
Sealed Air announced on 17th October, its plans to pursue the spin-off of its Diversey Care division and the food hygiene and cleaning business within its Food Care division (together 'New Diversey'), while the remaining Sealed Air business ('New Sealed Air') would continue as an independent public company.
The transaction was expected to be completed in the second half of 2017 and its aim was to allow both New Sealed Air and New Diversey to focus on a distinct set of strategic objectives.
In a statement issued 17th November from Duesseldorf, Germany, Henkel said that it planned to make targeted acquisitions to strengthen its portfolio.
9th February 2017