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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