Carlyle Picks Up Japanese Unit Of Food Packager Sealed Air

Law360, New York (October 30, 2012, 1:59 PM EDT) -- The Carlyle Group LP will scoop up the Japanese unit of New Jersey-based food packager Sealed Air Corp., the private equity giant said Tuesday, splitting off one of Japan’s top cleaning and sanitation product providers.

Financial terms of the deal were not disclosed, though Carlyle said it would cover the buy using its Japan-focused buyout fund.

The Japanese company, Diversey GK, is a central supplier of cleaning and hygiene products to institutional customers in the country. It bills itself as Japan’s only product provider that also...
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