Reuters: Sealed Air near deal to sell cleaning and chemicals systems unit

|About: Sealed Air Corporation (SEE)|By:, SA News Editor

Sealed Air (NYSE:SEE) is in exclusive talks to sell its Diversey Care cleaning and chemicals systems division to P-E firm Bain Capital for $3B-$4B, Reuters reports.

SEE could announce a deal with Bain before the end of this month, but the company would revert to its previous plan to spin off the unit if negotiations were to break down, according to the report.

A month ago, German consumer conglomerate Henkel reportedly was in talks to buy the unit.

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