Here's what we do know:
- Clayton Dubilier & Rice bought a 46% share of the company for $477 million.
- The 'Johnson' part of the name is being dropped.
- The Johnson family retains 50% ownership.
- Unilever has reduced its ownership from 33%, purchased in 2002, to 4%, in return for $158 million in cash and $250 in notes paying 10.5%.
- In addition to the $477 million, the newly named Diversey Inc. will receive a debt financing package of approximately $1.9 billion.
- S. Curtis Johnson will remain as chairman.
- The entire transaction is valued at $2.6 billion.
To learn more, and to see what Curtis Johson has to say about "this exciting development in the evolution of our company," check the links above. A short video with Johnson -- "This is a new phase, leveraging the foundation that we've built" -- and Ed Lonergan, JohnsonDiversey President and CEO, is HERE.
In 2006, JohnsonDiversey sold its Johnson Polymer subsidiary to BASF for $470 million.