TURUNÇ is acting as Turkish deal counsel in Sealed Air’s proposed $4.3 billion acquisition of Diversey Holdings. The closing of the transaction in expected to happen in 2011 after receipt of customary regulatory approvals.
Diversey is a global commercial cleaning, sanitation and hygiene solutions provider. Sealed Air is a global manufacturer of packaging, and performance-based materials and equipment systems for various industries.
Simpson Thacher & Bartlett LLP is providing U.S. legal advice to Sealed Air while Skadden, Arps, Slate, Meagher & Flom LLP is providing U.S. legal advice to Diversey.
For more information, please see the press release.
Update: The Transaction closed in October 2011.