Sealed Air to buy Wisconsin-based company for $2.9B - WKOW 27: Madison, WI Breaking News, Weather and Sports

Sealed Air to buy Wisconsin-based company for $2.9B

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NEW YORK (WKOW) -- A packaging company has made a big purchase in a Wisconsin-based company.

Sealed Air Corp. is buying Diversey Holdings Inc., headquartered in Sturtevant, Wis., for about $2.9 billion in cash and stock.

Diversey, a cleaning and sanitation company, generated $3.1 billion in revenue in 2010, employs 10,000 people and operates in more than 60 countries.

The deal is expected to be completed by the end of the year.

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