Diversey, Inc.

Diversey, Inc.
Subsidiary
Industry Chemicals, Hygiene, Sanitization
Headquarters Racine, Wisconsin
Products Cleaning, food safety, business-to-business products and services
Revenue ~$3.2 billion
Number of employees
 11,000
Parent Sealed Air
Website diversey.com

Diversey, Inc., formerly JohnsonDiversey, Inc., is a Racine, Wisconsin provider of cleaning and hygiene products to the institutional marketplace, serving lodging, food service, retail, health care, food and beverage companies, as well as building service contractors worldwide.[1][2] Diversey is a brand of Sealed Air Corporation under its Diversey Care Division.[3][4]

History

Diversey Corporation was founded in Chicago in 1923. In 1978, it was acquired by Molson.[5] In 1996 it was acquired from Molson by Unilever, who merged it with its professional cleaning arm to form DiverseyLever.[6] Johnson Wax Professional acquired the company from Unilever in 2002, and it became known as JohnsonDiversey, Inc.[7] Johnson Wax Professional was a subsidiary of S. C. Johnson & Son until 1999, when it was spun off.[8] In November 2009, Clayton, Dubilier & Rice acquired 46 percent of Diversey, Inc.[9]

In February 2010, Curt Johnson stepped down as the head of Diversey, Inc. following allegations of repeated sexual assault of a child.[10] In March 2010, the name changed again to Diversey, Inc., with a new tagline, “for a cleaner, healthier future.”[1][11] In June 2011, Sealed Air announced that it was purchasing Diversey Holdings for $4.3 billion (9.5x 2010 Adj. EBITDA of $452mm) and the deal was completed in October that year.[2][10] Diversey President and CEO Edward Lonergan continued to lead Diversey after the Sealed Air acquisition.[12] The Carlyle Group bought Diversey G.K., “Diversey Japan” (an indirect subsidiary of Diversey, Inc.) in November 2012.[13]

Riley Construction named Diversey’s headquarters a LEED-Gold Certified green building.[14]

See also

References

  1. 1 2 Joe Taschler (Sep 27, 2010). "With global sales, Diversey Inc. keeps a local focus". Milwaukee-Wisconsin Journal Sentinel. Retrieved Oct 22, 2013.
  2. 1 2 Michael J. De La Merced. "$4.3 Billion Deal to Expand Packaging Firm". The New York Times. Retrieved Oct 22, 2013.
  3. ↑ "Form 10-K (2012)". Securities and Exchange Commission. Retrieved November 21, 2013.
  4. ↑ Michael Burke (October 16, 2013). "Sealed Air CEO sees higher profits in next three years". Journal Times.
  5. ↑ "Diversey accepts bid". Chicago Tribune. 1978-05-16. Retrieved 2015-01-18.
  6. ↑ "Unilever rids Molson of Diversey business". Retrieved 2015-01-18.
  7. ↑ Ameet Sachdev (November 21, 2001). "Johnson Wax agrees to buy cleaning unit". Chicago Tribune. Retrieved November 21, 2013.
  8. ↑ Tara Lachapelle & Rita Nazareth (June 2, 2011). "Sealed Air Shareholders Diminished With 52% Premium for Diversey: Real M&A". Bloomberg. Retrieved November 21, 2013.
  9. 1 2 "S.C. Johnson Billionaire Heir Gets 4 Months Jail, $6K Fine In Child Sex Assault Case". forbes. Retrieved Aug 1, 2015.
  10. ↑ Marci Laehr Tenuta (Mar 24, 2011). "Curtis Johnson, former Diversey chairman, charged with sexual assault". Journal Times. Retrieved Oct 22, 2013.
  11. ↑ "Sealed Air to buy Diversey Holdings for $2.9B". The Seattle Times. Retrieved Oct 22, 2013.
  12. ↑ "Sealed Air". Forbes. Retrieved Oct 22, 2013.
  13. ↑ "Diversey Inc. Global Headquarters". Riley Construction. Retrieved Oct 22, 2013.
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