ECJ EUROPEAN Cleaning Journal

Global alternative asset manager The Carlyle Group and Sealed Air Corporation have entered into a definitive agreement whereby the Carlyle Group will sponsor the management buyout of Diversey Japan.

The operation will continue to run under the Diversey name, with the equity for the investment coming from Carlyle Japan Partners II.

Toshiro Misumi, executor of Diversey Japan, will assume the position of president and chief executive officer upon closing and take the helm at the newly independent Diversey Japan.

He commented on the move: ""The newly independent Diversey Japan, in cooperation with Carlyle, will have a dedicated organisation specifically oriented toward the Japanese market, making it possible for us to respond effectively to our domestic customers'needs, and also to pursue the best-suited strategies for our local business.

"Meanwhile we will continue to collaborate closely with Sealed Air and Sealed Air's Diversey business, drawing on our shared network to provide high-quality products and services to our customers."