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JohnsonDiversey Reconstruction To Cost $81 Million in 2003

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By: TOM BRANNA

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JohnsonDiversey Inc., Racine, WI, estimated total restructuring expenses for the period since acquisition of DiverseyLever business from Unilever, which closed on May 3, 2002, to be approximately $43 million. Also, the cash portion of that amount will be approximately $30 million, as stated during an investor teleconference on December 16, 2002.JohnsonDiversey believed using a leverage ratio based on the period ended Sept. 27 2002, as many analysts have, distorted any resulting calculation, prod...

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