Diversey Press Releases

 

2011

November 08, 2011

Poll: Environmental Building Certifications Enhance Opinion of a Business

National survey results unveiled during Greenbiz.com’s &"The State and Impacts of Green Buildings” Webcast

Seventy percent of U.S. adults agree that environmental certification of a company’s facility by a third-party organization such as the U.S. Green Building Council would enhance their opinion of the business, according to a nationwide survey commissioned by Sealed Air’s (NYSE: SEE) Diversey business.

Diversey’s study, conducted by telephone by Harris Interactive on behalf of Diversey between Oct. 28 and Oct. 31, 2011, surveyed a random sample of 1,016 U.S. adults regarding the impact of environmental building certifications on Americans’ opinion of a business.  Additional key findings include:

•    69 percent of U.S. adults agree that they would prefer to work in a facility that has been certified by a third-party environmental organization;

•    64 percent of U.S. adults agree that they would prefer to patronize a business whose facility is certified by a third-party environmental organization;

•    49 percent of U.S. adults feel better about doing business with a company whose facility is certified by a third-party environmental organization; and

•    48 percent of U.S. adults indicated that third-party environmental certification of a facility improves their image of a company.

"This research demonstrates that Americans understand the value of green building certifications and appreciate businesses that make the investment to provide sustainable, healthy environments,” said John Matthews, senior vice president and chief sustainability officer for the Diversey business. "Consumer perceptions and behaviors are becoming the catalysts for the growing sustainable facility movement."

Diversey released the findings of the survey during a Web-based program titled &"The State and Impacts of Green Buildings,” hosted by GreenBiz.com, a Web site of Greener World Media. Featured in the presentation were results of the fourth annual Green Building Market Impact Report, a global survey of green building market trends and the impacts of LEED on land use, water, energy and raw materials.

The survey also reveals differences by gender, region and age:

•    Women are more likely than men to say they would prefer to work in a facility that meets third-party environmental standards;
•    U.S. adults in the West are more likely than those in other regions of the U.S. to say third-party green certifications make them feel better about doing business with or working for a company;
•    Younger adults, ages 18-54, are more likely than those ages 55 and older to agree that third-party environmental building certifications enhance their opinion of a business; and
•    Younger adults, ages 18-54, are more likely than those ages 55 and older to agree that they would prefer to work in a facility that meets third-party environmental certification standards.

"This research suggests that green building certifications are increasingly providing a competitive advantage for businesses," added Mike Jenkins, vice president sector sales for the Diversey Americas business. "A critical part of these certifications is ongoing cleaning and maintenance of commercial facilities. Maintaining commercial spaces using sustainable products and processes enhances these facilities’ overall sustainability profile."

Diversey’s innovative and sustainable cleaning programs improve efficiency and protect the environment.  Its Healthy High Performance Cleaning (HHPC) program provides strategic planning, best practices and guidelines to clean for health, safety and the environment.

Diversey is a business unit of Sealed Air Corp., a leader in food and other protective packaging solutions. Sealed Air recently completed its acquisition of Diversey, creating the new global leader in food safety and security, facility hygiene and product protection.  For more information about Diversey, visit diversey.com.
 
This survey was conducted by phone within the United States by Harris Interactive on behalf of Diversey from October 28-October 31, 2011 among 1,016 adults ages 18 and older. The survey had a +/- three percent of error.  Results were weighted to reflect the U.S. adult population. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact Mark Goldman at news@diversey.com.

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About Sealed Air
Sealed Air is the new global leader in food safety and security, facility hygiene and product protection. With widely recognized and inventive brands such as Bubble Wrap® brand cushioning, Cryovac® brand food packaging solutions and Diversey® brand cleaning and hygiene solutions, Sealed Air offers efficient and sustainable solutions that create business value for customers, enhance the quality of life for consumers and provide a cleaner and healthier environment for future generations.  On a pro forma basis, Sealed Air generated revenue of $7.6 billion in 2010 and has approximately 26,000 employees who serve customers in 175 countries. To learn more, visit www.sealedair.com.

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November 07, 2011

Sealed Air's Diversey Business Introduces the Industry's First Automated Air Conveyor Cleaning System

ZipClean Auto System offers the easiest, most effective way to maintain bottling plant air conveyors

Sealed Air’s (NYSE: SEE) Diversey business today introduced the ZipClean Auto System, the industry’s first automated air conveyor cleaning system for food and beverage plant cleaning applications. The ZipClean Auto System is a highly efficient, self-propelled air conveyor cleaning "robot" that cleans air conveyor lines up to 100 times faster and with far greater efficacy than conventional manual methods. The ZipClean Auto System reduces bottle jams by 66 percent, eliminates or greatly reduces the need for air conveyor line lubrication and decreases total cost of air conveyor operation by 80 percent.  

"The ZipClean Auto System completely reinvents the air conveyor cleaning process,” said Gaetano Redaelli, global vice president, Food & Beverage for the Diversey business. "This is a breakthrough innovation, developed by deeply understanding our customers’ operations. The ZipClean Auto System provides our customers with a faster, more efficient and lower cost option for maintaining this critical part of their manufacturing facilities.”

Air conveyors are used to move bottles throughout a plant bottling line.  Critical to the efficient operation of these lines is proper maintenance to avoid bottle jams that can lead to filler downtime and increased production costs.  

"Air conveyor cleaning and lubricating is considered by many as one of the most labor intensive activities in bottling plant maintenance,” said Steve Wnuk, global director strategic planning - Food & Beverage, for the Diversey business. "The ZipClean Auto System improves employee safety and morale by replacing an onerous manual task that takes 10 hours today, in an average plant, with just 10 to 15 minutes of easy automated operation, with vastly improved cleaning efficacy and significantly improved air conveyor performance.”

Powered by the ZipClean Drive Unit, the easy-to-use, self-propelled, battery operated cleaning system features a pre-moistened cleaning head paired with an alcohol-based surfactant combination cleaner that thoroughly cleans air conveyor tracks as the &"robot” cleans the line at speeds of up to 64 meters, or 210 feet, per minute.  The disposable head traps dirt and debris to ensure the conveyor system runs smoothly.  

The ZipClean Auto System program is designed to create peace of mind with customers assuming virtually no ownership risks.  Customers can choose from two standard cleaning protocols with a defined supply of cleaning heads, Diversey system installation, employee training, scheduled performance checks and ongoing application expertise.  Additionally, ZipClean Drive Units are refurbished every 12 to 18 months to ensure customers always have the latest technology and enjoy maximum system performance.    

Diversey is a business unit of Sealed Air Corp., a leader in food and other protective packaging solutions. Sealed Air recently completed its acquisition of Diversey, creating the new global leader in food safety and security, facility hygiene and product protection.

The ZipClean Auto System is available now.  For more information, visit diversey.com/zipclean.

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About Sealed Air
Sealed Air is the new global leader in food safety and security, facility hygiene and product protection. With widely recognized and inventive brands such as Bubble Wrap® brand cushioning, Cryovac® brand food packaging solutions and Diversey® brand cleaning and hygiene solutions, Sealed Air offers efficient and sustainable solutions that create business value for customers, enhance the quality of life for consumers and provide a cleaner and healthier environment for future generations.  On a pro forma basis, Sealed Air generated revenue of $7.6 billion in 2010 and has approximately 26,000 employees who serve customers in 175 countries. To learn more, visit www.sealedair.com.

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October 19, 2011

Sealed Air's Diversey Business Wins 2011 ISSA Innovation Award for Dilution Control System

SmartDose chosen as 2011’s most innovative solution within Cleaning Agent category

Sealed Air’s (NYSE: SEE) Diversey business was awarded a 2011 International Sanitary Supply Association (ISSA) Innovation Award for its SmartDose dilution control system at the ISSA/INTERCLEAN 2011 industry show in Las Vegas.  The product was chosen as the industry’s most innovative solution in the cleaning agent category by building service contractors (BSCs), distributors and in-house cleaning professionals. 

"It is a great honor to be recognized by our customers for the most innovative product within the cleaning agent category,” said John Alexander, president, Americas for the Diversey business. "We are constantly looking for ways to improve our product portfolio and better serve our customers, and we’re extremely proud to earn this prestigious award.”

Cleaning industry distributors, BSCs and in-house cleaning professionals voted on products for the ISSA Innovation Awards among five different categories: cleaning agents; equipment; paper and plastics; supplies; and services, technology and other.  The awards will be presented at ISSA/INTERCLEAN 2011, which is the cleaning industry’s largest trade event.

The SmartDose dilution control system minimizes maintenance costs and contact with chemicals.  The easy-to-use, spill tight container is marked with clear icons to safely dispense correct dosages for bottles, buckets and auto-scrubbers without a water hookup.  SmartDose increases product efficacy and cost control by ensuring an accurate dose is dispensed every time.

Diversey is a business unit of Sealed Air Corp., a leader in food and other protective packaging solutions. Sealed Air recently completed its acquisition of Diversey, creating the new global leader in food safety and security, facility hygiene and product protection.

For more information, visit Diversey booth 3031 at ISSA/INTERCLEAN 2011, or go to diversey.com.



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About Sealed Air

Sealed Air is the new global leader in food safety and security, facility hygiene and product protection. With widely recognized and inventive brands such as Bubble Wrap® brand cushioning, Cryovac® brand food packaging solutions and Diversey® brand cleaning and hygiene solutions, Sealed Air offers efficient and sustainable solutions that create business value for customers, enhance the quality of life for consumers and provide a cleaner and healthier environment for future generations.  On a pro forma basis, Sealed Air generated revenue of $7.6 billion in 2010 and has approximately 26,000 employees who serve customers in 175 countries. To learn more, visit www.sealedair.com.

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October 19, 2011

Sealed Air's Diversey Business Introduces the Industry's Most Complete Line of Floor Strippers That Improve Worker Safety and Reduce Environmental Impact

New formulations deliver superior application performance without requiring hazardous waste regulation

Sealed Air’s (NYSE: SEE) Diversey business today introduced the industry’s most complete line of floor strippers that eliminate the use of caustic chemicals. These new stripper formulations, unveiled at ISSA/INTERCLEAN Las Vegas 2011, enable floor care professionals to strip floors without protective eyewear and gloves, enhancing safety and eliminating the strict disposal requirements of caustics. The new stripper line is formulated using safer chemicals with lower environmental profiles, delivering the same industry-leading product performance of traditional strippers.

"We are setting a new standard for our industry in the care and maintenance of floors,” said Sergio Pupkin, global vice president, building service contractors, facility management and government and education for the Diversey business. "These new stripper formulations are better for our customers, end-users and the environment.”

Diversey’s new strippers include the Pro Strip ULTRA, Pro Strip SC and Pro Strip PURE.  When used as directed, the strippers are safer to handle, easier to dispose and contain less harmful chemicals. Additionally, the products are not regulated as hazardous waste for disposal under Environmental Protection Agency (EPA) Resource Conservation and Recovery Act (RCRA) or Environment Canada regulations. 

"No longer does the process of stripping floors require handling dangerous chemicals that can be harmful to people and the environment,” said John Alexander, president, Americas for the Diversey business."We believe we are the first company to have a complete line of floor strippers that are not regulated as hazardous waste for disposal under RCRA or Environment Canada. By eliminating costly handling procedures and the need to wear protective eyewear and gloves, we are helping customers reduce their costs while making floor stripping less burdensome for cleaning personnel.”

The Pro Strip SC is an environmentally preferred stripper formulated to control costs while improving productivity.  The Pro Strip ULTRA is a powerful floor finish stripper designed for removing &"tough to strip” finishes and sealers.  The Pro Strip Pure is non-corrosive to the eyes and skin as a concentrate, eliminating personal protective equipment (PPE) requirements.  To better control cost and improve safety, ProStrip SC is available in Diversey’s Ready-to-Dispense (RTD) and J-FILL® dispensing solutions.

Diversey is a business unit of Sealed Air Corp., a leader in food and other protective packaging solutions. Sealed Air recently completed its acquisition of Diversey, creating the new global leader in food safety and security, facility hygiene and product protection.

Diversey will showcase the new floor stripper line at ISSA INTERCLEAN 2011, booth 3031.  For more information, visit diversey.com.


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About Sealed Air

Sealed Air is the new global leader in food safety and security, facility hygiene and product protection. With widely recognized and inventive brands such as Bubble Wrap® brand cushioning, Cryovac® brand food packaging solutions and Diversey® brand cleaning and hygiene solutions, Sealed Air offers efficient and sustainable solutions that create business value for customers, enhance the quality of life for consumers and provide a cleaner and healthier environment for future generations.  On a pro forma basis, Sealed Air generated revenue of $7.6 billion in 2010 and has approximately 26,000 employees who serve customers in 175 countries. To learn more, visit www.sealedair.com.

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October 18, 2011

Sealed Air's Diversey Business Introduces Mobile Application to Capture Facility Auditing Data

Proprietary iMAP system is now available on virtually any smart device

Sealed Air’s (NYSE: SEE) Diversey business today introduced a new application that makes its Internet Mobile Auditing Program (iMAP) available on virtually any smart mobile device, including Android and Apple smart phones, tablets and laptops. Diversey’s iMAP system is a web-based platform that can be used wherever data needs to be collected and analyzed.  Diversey’s customers use iMAP to track and report on various operations in a commercial facility, including food safety, cleaning quality, equipment service, corporate sustainability and risk management. iMAP allows customers to access and analyze critical information anytime, anywhere and in any language.

"iMAP helps customers protect their brands, improve customer experience and elevate performance,” said Darin Gleason, director, global eBusiness for Diversey.  &"Customers can now access custom audits, performance indicators, reports and dashboards from any smart device in real time.  This helps our customers focus attention where it is needed most.”

The iMAP system helps customers maintain consistent hygiene and safety standards for each location and across their entire enterprise. Data can be collected on- or offline and uploaded whenever an Internet connection is available. Reports provide a clear picture of the strengths and opportunities for improvement at a point in time, or over any period of time. Additionally, with Diversey's industry-leading application expertise and process knowledge, audit results can automatically trigger corrective action workflows for resolution and validation during subsequent audits.

"Our new smart device platform means customers have complete visibility of issues and can take corrective actions immediately,” Marc Loman, manager, Global iMAP for Diversey. &"Imagine the power of knowing that something is wrong at a facility in New York through a photograph shared by iMAP in real-time. Someone sitting at a desk in Chicago can see it and take corrective action. This allows organizations to more efficiently and effectively manage their operations.”

The highly secure iMAP platform can be accessed almost anywhere an Internet connection is available. Customers can collect real-time data, view reports and analyze critical operations information with ease. The system features include powerful audit creation and analysis tools, picture attaching capability, and GPS location search to help users locate additional sites for inspection.

Diversey is a business unit of Sealed Air Corp., a leader in food and other protective packaging solutions. Sealed Air recently completed its acquisition of Diversey, creating the new global leader in food safety and security, facility hygiene and product protection.

For more information about iMAP, visit diversey.com/ebusiness/imap or email iMAP@Diversey.com.



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About Sealed Air

Sealed Air is the new global leader in food safety and security, facility hygiene and product protection. With widely recognized and inventive brands such as Bubble Wrap® brand cushioning, Cryovac® brand food packaging solutions and Diversey® brand cleaning and hygiene solutions, Sealed Air offers efficient and sustainable solutions that create business value for customers, enhance the quality of life for consumers and provide a cleaner and healthier environment for future generations.  On a pro forma basis, Sealed Air generated revenue of $7.6 billion in 2010 and has approximately 26,000 employees who serve customers in 175 countries. To learn more, visit www.sealedair.com.

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October 11, 2011

GE and Sealed Air's Diversey Business Create Global Alliance to Bring Water Technology to the Cleaning, Sanitation and Food and Beverage Industries

•    Alliance Includes GE’s Water Treatment Chemicals, Water and Process Equipment, Membrane and Cartridge Filtration, Analytical Instruments and Energy Management Solutions

•    After Successful Pilot Program, GE and Diversey Entered into the Alliance

GE (NYSE: GE) and Sealed Air’s (NYSE: SEE) Diversey business today announced an alliance to deliver water and energy management services to Diversey’s cleaning and sanitation customers around the world.

The announcement comes after a successful pilot of the alliance over the past year. Under the terms of the agreement, Sealed Air’s Diversey team will sell and service GE’s water treatment chemicals, water and process equipment, membrane and cartridge filtration products, analytical instruments and energy management solutions.

"The Diversey alliance will bring our leading water portfolio and services to an expanded customer base,” said Heiner Markhoff, president and CEO—water and process technologies for GE Power & Water. "As a leader in the commercial cleaning and sanitation business, particularly in food and beverage processing plants, Diversey is well positioned to connect their customers to our products and services, which will help these customers implement cost- and environmentally-efficient water and process technology solutions.”

"Diversey is eager to bring GE’s solutions to its customers,” said Diversey President and CEO Ed Lonergan. "GE has the industry’s most broad solution set, including chemicals and equipment for effective and safe water treatment, which will supplement Diversey’s extensive experience in water management,” Lonergan said. "Diversey will expand GE’s access to an extensive global customer base looking for ways to protect their assets, drive productivity and meet regulations.”

Today’s announcement reinforces GE’s commitment to improve water reuse, a key commitment of Ecomagination, a business strategy to create new value for customers, investors and society by solving energy, efficiency and water challenges. GE’s water-related portfolio includes the following products qualified under GE’s Ecomagination: ABMet*, advanced membrane, desalination, E-Cell electrodeionization system*, electrodialysis reversal (EDR), GenGard* cooling water solution, and ZeeWeed* membrane technology.

The companies established a pilot program in 2010 to demonstrate the link between water treatment and cleaning and sanitation processes. The result was strong customer response following demonstrable improvements in water use and conservation as well as the overall efficiency of customer operations, Lonergan said.

"Effective cleaning is inseparable from water,” Lonergan said. "And as water becomes more scarce and expensive in many parts of the world, it is critical to manage water more efficiently while also providing clean and safe food and drink supplies.”

Diversey is a business unit of Sealed Air Corp., a leader in food and other protective packaging solutions. The combination of Diversey and Sealed Air creates a new global leader in food safety and security, facility hygiene and product protection. The alliance with GE also will expand Sealed Air’s operational efficiency offerings, particularly in food and beverage processing plants.

For prospective customers seeking further information, contact Gaetano Redaelli at the following email address:  gaetano.redaelli@diversey.com.
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About Sealed Air

Sealed Air is the new global leader in food safety and security, facility hygiene and product protection. With widely recognized and inventive brands such as Bubble Wrap® brand cushioning, Cryovac® brand food packaging solutions and Diversey® brand cleaning and hygiene solutions, Sealed Air offers efficient and sustainable solutions that create business value for customers, enhance the quality of life for consumers and provide a cleaner and healthier environment for future generations.  On a pro forma basis, Sealed Air generated revenue of $7.6 billion in 2010 and has approximately 26,000 employees who serve customers in 175 countries. To learn more, visit www.sealedair.com.

About GE

GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

GE also serves the energy sector by providing technology and service solutions that are based on a commitment to quality and innovation. The company continues to invest in new technology solutions and grow through strategic acquisitions to strengthen its local presence and better serve customers around the world. The businesses that comprise GE Energy—GE Power & Water, GE Energy Management and GE Oil & Gas—work together with more than 90,000 global employees and 2010 revenues of $38 billion, to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; as well as other alternative fuels and new grid modernization technologies to meet 21st century energy needs.

*Trademark of General Electric Company; may be registered in one or more countries. Copyright 2011 General Electric Company.
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For more information, contact:
              
For GE                                        
María C. Moreno            Beth Coffman or Howard Masto    
GE Power & Water            Masto Public Relations
+1 215 942 3686            +1 518 786 6488                    
mariac.moreno@ge.com        beth.coffman@mastopr.com
howard.masto@ge.com

For Sealed Air’s Diversey Business
John Matthews
SVP Corporate Affairs
+1 262 631 2120
John.matthews@diversey.com

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October 03, 2011

Sealed Air Completes Acquisition of Diversey Holdings, Inc.

Creates New Global Leader in Food Safety and Security, Facility Hygiene and Product Protection

Sealed Air Corporation (NYSE:SEE) announced today that it has completed its previously announced acquisition of Diversey Holdings, Inc. ("Diversey"), a leading solutions provider to the global cleaning and sanitation market. Under the terms of the agreement, Diversey shareholders will receive $2.1 billion in cash and 31.7 million shares of Sealed Air common stock valued at $16.70 per share for a total consideration to shareholders of $2.6 billion. Diversey, based in Sturtevant, Wisconsin, with approximately 10,000 employees and 2010 net sales of $3.1 billion, joins Sealed Air as a reportable segment. The leadership teams of both Diversey and Sealed Air will remain in their roles as integration planning continues.

The acquisition brings together two complementary, leading global organizations focused on protection. Sealed Air now offers the most comprehensive portfolio of solutions and industry expertise in food safety and security, facility hygiene and product protection. Broader capabilities expand our ability to develop inventive end-to-end solutions for the food processing and food service industries, and we can now scale R&D resources, technologies and growth initiatives across a broader range of customers, geographies and applications. Further, we expect to achieve operational cost efficiencies and incremental growth opportunities in industrial and commercial sectors, which use shared distribution channels to reach similar customers.

"I am pleased to formally welcome Diversey’s leadership team and employees to Sealed Air,” stated William V. Hickey, President and Chief Executive Officer of Sealed Air. "Today marks the beginning of an exciting new era of opportunity for Sealed Air, our employees, and the customers we serve. We are now a global leader in protection with inventive solutions in food safety and security, facility hygiene and product packaging that protect what we eat and drink, where we go, and the valuable goods we ship. We commit to deliver solutions that improve safety, efficiency and sustainability using our extensive infrastructure, world class manufacturing principles, expanded R&D capabilities and the tremendous expertise of our global team. We are excited to bring forward innovative solutions that will create measurable value for our customers, enhance the quality of life for consumers, and provide a cleaner and healthier environment for future generations.”

Mr. Hickey continued, "Since announcing the transaction, we have been actively engaged in integration planning to ensure that our new organization is ready day-one to achieve a smooth internal integration and a seamless transition for our customers. And, we have stayed on track to meet our goals. Looking ahead, we are excited about our ability to accelerate development projects, achieve our synergy targets and enhance our financial profile, which will generate solid free cash flow and greater value for Sealed Air and our various stakeholders.”

Financial Matters


• We successfully completed our previously announced syndication of two senior secured term loan facilities and a new revolving credit facility with a weighted average cost of debt at closing of 5.8%. Our total weighted average cost of new and existing debt at closing, excluding non-cash interest expense items such as the W. R. Grace settlement, is 6.2%. Our new senior secured facilities include: 

 -- a five-year $1.1 billion term loan A, which includes loans in U.S. dollars, Japanese yen, Canadian dollars and euros and bears interest at LIBOR or equivalent rate in the relevant currency plus 250 basis points (bps) per annum. These loans were sold to investors at 100.0% of their aggregate principal amounts;

-- a seven-year $1.2 billion term loan B with a $790 million component bearing interest at LIBOR plus 375 bps per annum and a U.S. dollar-equivalent 405 million component at EURIBOR plus 450 bps per annum. LIBOR and EURIBOR under this loan are subject to a 1.0% floor. The U.S. dollar and euro loans were sold to investors at 98.0% and 97.0% of their respective principal amounts; and

-- a $700 million revolving credit facility, which includes a $200 million tranche available in multiple currencies, and bears interest at LIBOR plus 250 bps per annum.

Additionally, we completed our offering of $750 million aggregate principal amount of 8.125% senior notes due 2019 and $750 million aggregate principal amount of 8.375% senior notes due 2021 (collectively the &"Notes”). The Notes were sold to investors at 100.0% of their aggregate principal amount.

We used the net proceeds from the term loans and the offering of the Notes to finance a portion of the acquisition and related fees and expenses. The revolving credit facility replaces our previous $700 million global revolving credit facility and our €150 million European credit facility, which were terminated today.

The Notes and related guarantees have been offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the &"Securities Act”), and to non-U.S. persons in transactions outside the United States under Regulation S of the Securities Act. The Notes have not been registered under the Securities Act, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption form, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.

• Prior to the closing of the acquisition, we used cash on hand in the amount of approximately $263 million to purchase preferred stock of Diversey Holdings, Inc. (the &"Preferred Stock Issuance”). Diversey Holdings, Inc. elected to exercise its covenant defeasance option with respect to its 10.50% senior notes due 2020 (the &"DHI Notes”) and Diversey, Inc. elected to exercise its covenant defeasance option with respect to its 8.25% senior notes due 2019 (the &"DI Notes”).

In addition, Diversey Holdings, Inc. elected to redeem 35% of the aggregate accreted value of the DHI Notes using a portion of the proceeds of the Preferred Stock Issuance and Diversey, Inc. elected to redeem 35% of the aggregate principal amount of the DI Notes using a portion of the proceeds of the Preferred Stock Issuance that had been contributed to the equity capital of Diversey, Inc. Each such redemption will occur on November 2, 2011 (the &"Redemption Date”).

On the Redemption Date, 35% of the DHI Notes will be redeemed at a price of 110.50% of their accreted value, plus accrued and unpaid interest to the Redemption Date. Additionally, 35% of the DI Notes will be redeemed at a price of 108.25% of their principal amount, plus accrued and unpaid interest to the Redemption Date. Following the completion of these redemptions on the Redemption Date, we expect that Diversey Holdings, Inc. and Diversey, Inc. will redeem the remainder of the DHI Notes and the DI Notes pursuant to the make-whole redemption provisions of the indentures governing the DHI Notes and the DI Notes.

• As previously noted in our second quarter earnings release, we will continue to exclude the net earnings impact of the Diversey transaction from our full year 2011 non-U.S. GAAP Adjusted EPS guidance range. Our full year EPS guidance excludes Diversey financial results for the fourth quarter of 2011, acquisition costs relating to advisory, consulting, legal and appraisal fees, integration costs, financing fees and interest expense on the debt issued to finance the Diversey acquisition and to repay Diversey’s debt, and the issuance of 31.7 million shares of our common stock as part of the total consideration for the transaction.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Business

Sealed Air is the new global leader in food safety and security, facility hygiene and product protection. With widely recognized and inventive brands such as Bubble Wrap® brand cushioning, Cryovac® brand food packaging solutions and Diversey® brand cleaning and hygiene solutions, Sealed Air offers efficient and sustainable solutions that create business value for customers, enhance the quality of life for consumers and provide a cleaner and healthier environment for future generations. On a pro forma basis, Sealed Air generated revenue of $7.6 billion in 2010 and has approximately 26,000 employees who serve customers in 175 countries. To learn more, visit www.sealedair.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by such words as "anticipates,"; "expects,"; "will"; and similar expressions. A variety of factors may cause actual results to differ materially from these expectations, including economic conditions and legal proceedings. For more extensive information, see "Risk Factors"; and "Cautionary Notice Regarding Forward-Looking Statements"; which appear in our most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, and as may be revised and updated by our Quarterly Reports on Forms 10-Q and Current Reports on Form 8-K.

While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, whether as a result of new information, future events or otherwise.

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August 05, 2011

Diversey Releases Annual Global Responsibility Report

Company Reports on Environmental, Social and Customer-focused Sustainability Performance

Diversey, Inc. reported improvements across key environmental metrics in 2010 and highlighted performance in social and customer-focused initiatives in its annual Global Responsibility Report, released today in both print and online editions.

The company’s annual report summarizes Diversey’s accomplishments across six sustainability focus areas: operations, customers, communities, workforce, partners and governance.

&"We continue to make significant progress toward incorporating sustainable practices into all areas of our business,” said Diversey President and CEO Ed Lonergan. &"This report shows the passion and commitment of our employees to provide a cleaner, healthier future for the world while helping our customers do the same.”

Significant milestones highlighted in the Global Responsibility Report include:

  • Sponsorship of a Climate Change Summit, bringing together some of the industry’s leading businesses to address climate change and mitigate its risks;
  • The first installation in the Upper Midwestern United States of a combined heat and power fuel cell, providing 40 percent of the power and 80 percent of the heat necessary for its 278,000 square-foot global headquarters building in Sturtevant, Wisconsin;
  • Performance improvements against four key environmental measures, including an  8 percent reduction in net water consumption, a 4 percent reduction in total water consumption and a small decrease in total energy;
  • Introduction of innovative solutions that improve cleaning and hygiene processes for customers to achieve superior results while improving overall sustainability; and
  • Leadership of the Bottle School Project, a groundbreaking initiative in the Philippines that addresses a pressing shortage of school buildings by using discarded plastic soda bottles to build efficient schools.

The report is global in scope, covering all Diversey business units around the world. The Global Responsibility Report content is tracked against the Global Reporting Initiative, a widely accepted standard of sustainability reporting.

An interactive Web site featuring content from the report can be found at http://diversey.com/2010grr.

 

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June 06, 2011

Proteus Solutions Introduces the Proteus™ Activator Washing System at The Clean Show

Company also Announces Installation of System at Brady Industries Facility in Las Vegas

CINCINNATI, Ohio – June 6, 2011 – Proteus Solutions, LLC, a joint venture between Standard Textile Co., Inc. and Diversey, Inc. providing innovative cleaning and sanitizing products and solutions, debuts its first commercial offering, the Proteus™ Activator Washing System at The Clean Show in Las Vegas, Nevada. The Proteus Activator Washing System is an innovative cleaning and sanitizing system for laundries that delivers substantial operational and sustainability benefits while enhancing performance in the laundry process.  

&"We are seeing tremendous response to the Proteus Activator Washing System from our customers and our industry,” said Gordon Little, general manager, Proteus Solutions. &"They clearly see the compelling benefits of the system to substantially improve the effectiveness, efficiency and sustainability profile of their operations.”

Brady Industries recently installed the Proteus Activator Washing System at its large-scale laundry facility in Las Vegas, Nevada. The facility serves hospitality customers, providing commercial laundering of a variety of textiles, including table linens, towels and uniforms.

&"Our significant customer base throughout the Las Vegas area requires fast, effective laundering that delivers proven cleaning and sanitation results,” said Travis Brady, president and chief executive officer, Brady Industries. &"We believe the Proteus Activator Washing System will enable us to maintain our high standards of laundry quality while improving efficiency and delivering on our commitment to operating our business more sustainably.”  
 
The Proteus Activator Washing System combines a unique activator unit with proprietary chemistry to deliver a fully integrated laundry cleaning and sanitizing solution. The system’s consistent and reliable activator unit utilizes electro-chemically activated water to generate powerful cleaning agents that are combined with specially formulated chemicals. Designed to fit within a customer’s existing facilities, the system makes water work harder to clean fabrics as well as, or even better than, current methods. The system is also backed by Proteus Solutions’ deep knowledge of textiles and the laundry process to provide customers with a truly custom solution for their commercial laundry needs.

&"The Proteus Activator Washing System enables customers to achieve exceptional laundry results with the confidence that it meets their stringent sanitation and hygiene standards,” added Little. &"By delivering faster, more effective washing and drying cycles that utilize smaller amounts of chemicals and water, customers using the system are lowering their total cost of operation and improving the safety of their workers.”

Proteus Solutions is a joint venture between Standard Textile, an international leader in the design, development, manufacturing and distribution of textiles, decorative products and work apparel and Diversey, Inc., a leading global provider of commercial cleaning, sanitation and hygiene solutions. Proteus Solutions combines Diversey’s expertise in delivering superior performance in commercial cleaning and sustainability applications with Standard Textile’s unique capabilities in linen and laundry management, textiles and activated water. By jointly developing cleaning solutions using Proteus’s proprietary technologies, customers are benefiting from the two companies’ deep understanding of textile performance and the cleaning process.

Proteus Solutions is located at booth 3677 at The Clean Show at the Las Vegas Convention Center. More information on Proteus Solutions and its commercial offerings is available at: www.proteus-solution.com.
 
About Proteus Solutions, LLC


Proteus Solutions, LLC is committed to the pursuit of cost-effective, sustainable solutions for an array of commercial cleaning and sanitizing applications. A joint venture of Diversey, Inc., and Standard Textile, Proteus Solutions brings together the unparalleled knowledge and resources of two global leaders in cleaning and textile technologies. Its mission is to give customers around the world access to innovations that help them work smarter. Proteus Solutions, LLC is headquartered in Cincinnati, Ohio, USA. To learn more, visit proteus-solution.com.

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June 01, 2011

Sealed Air to Acquire Diversey for $4.3 Billion

Creates a Global Leader in Sustainable Solutions that Provide Hygiene, Protection, Food Safety and Security

Combined Company Well Positioned to Benefit from Attractive Global Megatrends Sealed Air Leverages Expertise
in New $40+ Billion Market

Expected to be Accretive in First Full Year After Close

ELMWOOD PARK, NJ and STURTEVANT, WI – June 1, 2011 – Sealed Air Corporation (&"Sealed Air”) (NYSE: SEE) and Diversey Holdings, Inc. (&"Diversey”) announced that they have entered into a definitive agreement under which Sealed Air will acquire Diversey, a leading solutions provider to the global cleaning and sanitization market, in a transaction valued at $4.3 billion. The transaction is expected to be completed in 2011 and is expected to be accretive to earnings in the first full year following completion.

Under the terms of the agreement, Diversey shareholders will receive $2.1 billion in cash and an aggregate of 31.7 million shares of Sealed Air common stock valued at $25.68 per share based on Sealed Air’s closing stock price on May 31, 2011 for a total equity consideration of $2.9 billion. Diversey is a privately-owned company, controlled by members of the Johnson family and Clayton, Dubilier & Rice, LLC (&"CD&R”). Upon closing of the transaction, Diversey shareholders are expected to own approximately 15% of Sealed Air common stock.

Diversey provides cleaning, sanitization and hygiene solutions to industrial and retail customers in the food and beverage, food service, health care, and lodging sectors, as well as to building service contractors worldwide. In 2010, Diversey generated net sales of $3.1 billion and Adjusted EBITDA1 of $453 million. Diversey employs more than 10,000 people worldwide and operates in more than 60 countries. Sealed Air is a leading provider of food and industrial system solutions that help ensure that food retains its freshness, products arrive undamaged, and transit efficiencies are maximized to reduce energy and waste. Sealed Air is focused on pioneering a differentiated, proprietary range of offerings in material science, automation technology and service-based solutions in order to provide comprehensive solutions to its customers. Sealed Air operates in 52 countries, employs more than 16,000 people and generated net sales of $4.5 billion in 2010.

&"This transaction represents a strategic growth opportunity that leverages Sealed Air’s core competencies and positions our company to further capitalize on the megatrends that drive both businesses,” said William V. Hickey, President and Chief Executive Officer of Sealed Air. &"With Diversey, we will expand our footprint beyond specialty packaging solutions by gaining entry into a $40+ billion chemical cleaning and hygiene industry that has attractive fundamentals and is already in our value chain. This combination is also financially compelling, and we expect it to deliver enhanced earnings per share and free cash flow generation, creating meaningful value for our shareholders.”

Mr. Hickey continued, &"Sealed Air and Diversey have shared values, overlapping customers and end markets, and a common vision. By harnessing the strengths and sales capabilities of both companies, we will be able to bolster our solutions and services competencies and position Sealed Air for continued market leadership. We look forward to welcoming Diversey’s talented employees to the Sealed Air team.”

&"We are excited about the opportunities we have to grow with Sealed Air through increased scale and expanded reach,” said Edward F. Lonergan, Diversey President and Chief Executive Officer. &"We share a culture of innovation and a global vision for our business. Like Sealed Air, Diversey is committed to sustainable solutions, both in terms of our business and in terms of helping our customers protect human health while reducing waste generation and consumption of natural resources. I am confident that this is a winning combination for our employees and customers around the world.”

Diversey Chairman Helen Johnson-Leipold said, &"Diversey shareholders determined that the best long- term opportunity for all stakeholders was a combination with Sealed Air. This was a difficult decision, but the compelling rationale was that together, we can leverage our expertise to transform our industry more rapidly and in more ways than either company could do alone. As the companies got to know each other, the leaders discovered an alignment of values and shared passion for industry-transforming innovation and sustainable solutions. The businesses, the teams, and our ambitions mesh well. And I’m pleased that Sealed Air has committed to continuing a strong presence in Racine, Wisconsin, the historic base of operations for Johnson family businesses.”

CD&R Partner Richard J. Schnall added, &"The operating improvements and growth initiatives we implemented with management under our ownership provide Diversey with a solid foundation for a rewarding future as an integral part of Sealed Air. Bringing the companies together will open the door to exciting new market opportunities and create a very strong global leader with broader capabilities to serve customers more effectively.”

Benefits of the Transaction
  • Creates a Global Leader in Sustainable Solutions that Provide Hygiene, Protection, Food Safety and Security: The combination of Diversey and Sealed Air creates a global leader, well positioned to capitalize on attractive megatrends including increased emphasis on food safety and security, health and hygiene, and sustainability. With Diversey, Sealed Air will benefit from entry into a $40+ billion cleaning and sanitization market, where increased regulatory focus is driving demand for greater expertise.
  • Extends Geographic Footprint and Enhances Growth Opportunities in Developing Regions: Diversey operates in more than 60 countries and is a market leader in Europe, Asia Pacific, Turkey, Brazil, Africa and other high growth developing regions. Sealed Air will further reinforce its global footprint and will be uniquely positioned to capitalize on demand for improving hygiene and food safety standards in developing markets. On a pro forma basis, Sealed Air will have greater than 60% of its revenue generated outside of North America and 21% in developing regions.
  •  Expands Revenue Opportunity with Overlapping Customer Base: Sealed Air and Diversey bring integrated customer solutions to many of the same blue chip customers in shared end markets, which expands opportunities to grow revenue.
  • Broadens Solutions Offering: With Diversey, Sealed Air expands its existing leadership position and expertise by offering customers a broader array of products and services, including Diversey’s SmartDose® dosing for cleaners, Optifill® sealable prescription fulfillment systems, Taski Swingo XP® floor cleaning equipment and Oxivir® disinfectants. The combined company will be well positioned to meet customers’ growing demand for convenience, safety and hygiene, while reducing customer costs through increased efficiencies.
  • Combines Complementary Business Models: Both Sealed Air and Diversey share a complementary total systems approach and value-based selling model. Both companies provide customized solutions involving equipment, supplies and services, offered in many cases through the same distributors, to customers in end markets including food processing, food service, office management and retail.
  • Drives Robust Research and Development Efforts: Both Sealed Air and Diversey have a history of innovation – successfully developing market-leading solutions, services and technologies. Sealed Air has a robust development pipeline and has recently focused R&D resources developing new products and services that target the hygiene and food safety markets.
  • Delivers Compelling Financial Benefits: The transaction is expected to be accretive to earnings per share and free cash flow in the first full year following completion. The transaction is expected to generate approximately $50 million in total cost synergies in the second full year after close, with approximately $30 million generated in year one.
  • Efficient Use of Balance Sheet and Free Cash Flow: The transaction represents an opportunity to make efficient use of Sealed Air’s balance sheet strength. The strong free cash flow of the combined company will support rapid deleveraging and continued commitment to Sealed Air’s dividend policy.
Leadership and Community Commitments

William V. Hickey will continue as President and Chief Executive Officer of Sealed Air. At the close of the transaction, Edward F. Lonergan, President and Chief Executive Officer of Diversey, and his team will join Sealed Air, and Mr. Lonergan will continue to lead the Diversey business.

Sealed Air plans to maintain Diversey’s Americas business unit and R&D functions in Racine, Wisconsin and to continue Diversey’s support and involvement in the Racine community.

Financing and Approvals

The transaction will be financed with cash on hand and proceeds from committed debt financing provided by Citi. The transaction, which is expected to be completed in 2011, is subject to the satisfaction of customary closing conditions, including applicable regulatory approvals.

Advisors

Citi and Blackstone Advisory Partners L.P. acted as financial advisors and Simpson Thacher & Bartlett LLP acted as legal advisor to Sealed Air. Goldman, Sachs & Co acted as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Diversey. Lazard acted as advisor to the Johnson family. Debevoise & Plimpton acted as legal advisor to CD&R.

Conference Call and Webcast

Sealed Air and Diversey will host a conference call today, June 1, 2011, at 8:30 a.m. ET to discuss this morning’s announcement. To access the call, please dial (866) 610-1072 (international: (678) 905-9428) and reference conference ID number 72182140. A replay of the conference call will be available as soon as practicable following the end of the call until June 15, 2011 at 11:59 p.m. ET. To access the replay, please dial (800) 642-1687 (international: (706) 645-9291) and reference conference ID number 72182140. In addition, an audio webcast of the call will be available live and will be archived on the investor relations portions of both companies’ Web sites at http://ir.sealedair.com and diversey.com/investors, respectively.

About Sealed Air
For over fifty years, Sealed Air has been a leading global innovator and manufacturer of a wide range of packaging and performance-based materials and equipment systems that now serve an array of food, industrial, medical, and consumer applications. Operating in 52 countries, Sealed Air's international reach generated revenue of approximately $4.5 billion in 2010. With widely recognized brands such as Bubble Wrap® brand cushioning, Jiffy® protective mailers, Instapak® foam-in-place systems and Cryovac® packaging technology, Sealed Air continues to identify new trends, foster new markets, and deliver innovative solutions to its customers. For more information about Sealed Air, please visit the Company's web site at www.sealedair.com.

About Diversey
Diversey, Inc. is committed to a cleaner, healthier future. Its products, systems and expertise make food, drink and facilities safer and more hygienic for consumers and for building occupants. With sales into more than 175 countries, Diversey is a leading global provider of commercial cleaning, sanitation and hygiene solutions. The company serves customers in the building management, lodging, food service, retail, health care, and food and beverage sectors. Diversey is headquartered in Sturtevant, Wisconsin, USA. To learn more, visit diversey.com.

About Clayton, Dubilier & Rice, LLC|
Founded in 1978, Clayton, Dubilier & Rice, LLC is a private equity firm with an investment strategy predicated on producing superior financial returns through building stronger, more profitable businesses. The Firm’s professionals include a combination of skilled investment decision-makers and seasoned corporate leaders from global businesses such as ABB, Allstate, BAE, BBA, BTR, Disney, Dow, Eaton Vance, Emerson Electric, Gap, GE, IBM, Procter & Gamble, Tesco, Unilever and Williams, among others. Since inception, CD&R has managed the investment of approximately $16 billion in 49 U.S. and European businesses with an aggregate transaction value of approximately $80 billion. For more information, please visit www.cdr-inc.com.

SEC Registration
The common stock to be issued pursuant to the transaction will be issued in a private placement exempt from the registration requirements of the Securities Act. Pursuant to the registration rights agreement, Sealed Air has agreed to file a resale registration statement which is required to be effective at the Closing.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by such words as &"anticipates,” &"believes,” &"plan,” &"assumes,” &"could,” &"estimates,” &"expects,” &"will” and similar expressions. These statements include comments as to the Company’s beliefs and expectations as to future events and trends affecting the Company’s business or the successful outcome of the business combination. Examples of such forward-looking statements may include, but are not limited to, statements about the benefits of the business combination transaction between Diversey and the Company, potential synergies and cost savings, the potential accretion of the transaction to the Company’s earnings and free cash flow, future financial and operating results, the expected timing of the completion of the transaction and the Company’s plans, objectives, expectations and intentions with respect to future operations, products and services. The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: general business and economic conditions; the competitive environment; the failure to realize synergies and cost savings from the transaction or delay in realization thereof; the businesses of Sealed Air and Diversey may not be combined successfully, or such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected; and adverse effects of the merger on employee retention and on Sealed Air’s and Diversey’s business relationships with third parties, including key customers and distributors. For more extensive information, see "Risk Factors" and "Cautionary Notice Regarding Forward-Looking Statements," which appear in our most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, as may be updated by the Company’s Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. While the Company may elect to update forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, even if estimates change and, therefore, you should not rely on these forward-looking statements as representing our views as of any date subsequent to today.

Use of Non-U.S. GAAP Measures
Our management uses non-U.S. GAAP financial measures to evaluate the Company’s performance, which excludes items we consider unusual or special items. We believe the use of such financial measures and information may be useful to investors. We believe that the use of non-U.S. GAAP measures helps investors to gain a better understanding of core operating results and future prospects, consistent with how management measures and forecasts the company's performance, especially when comparing such results to previous periods or forecasts. Reconciliation of such non-U.S. GAAP financial measures and information to comparable U.S. GAAP measures and information appears later in this press release.

 

Contacts for Sealed Air:
For Investors
Amanda Butler Director, Investor Relations 201-703-4210 amanda.butler@sealedair.com

For Media
Ken Aurichio Director, Corporate Communications 201-703-4164 ken.aurichio@sealedair.com

Contact for Diversey:
John Matthews Senior Vice President, Corporate Affairs, Chief of Staff to the President and CEO 262-631-2120 john.matthews@diversey.com

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May 22, 2011

Cintas Corporation and Diversey, Inc. Announce Strategic Alliance to Deliver Custom Cleaning and Hygiene Products and Services to Foodservice Operators

Signet™ Cleaning Chemical Service offers customers proven solutions that deliver performance and sustainability, an enhanced service model and extensive training and support

Cintas Corporation (Nasdaq: CTAS), the leader in specialized facility services, and Diversey, Inc., a leading global provider of commercial cleaning, sanitation and hygiene solutions, today announced a strategic alliance to provide custom cleaning and hygiene products and services to Cintas customers. Branded Signet™ Cleaning Chemical Service, the new foodservice offering combines a portfolio of industry-leading green chemicals, with the service excellence of Cintas to provide customers fully integrated management of their cleaning and hygiene needs.

Under the agreement, Cintas will provide a custom collection of Diversey’s floor cleaners, surface cleaners and mechanical warewashing products to its customers through more than 6,000 Cintas service representatives throughout the country. In addition, Cintas customers will benefit from access to a collection of ready-to-use products most frequently needed in kitchen applications. With Signet, Cintas customers will have simple, turnkey management of their cleaning products and processes, without needing to be concerned about reordering, top-offs or service efficiency. Cintas representatives will monitor inventory and chemical levels during their scheduled customer visits.

&"This new alliance offers foodservice owners and operators unprecedented access to products and services that will keep their businesses clean and their customers returning,” said Mike Thompson, senior vice president, Cintas Facility Services. &"Studies show that restaurant patrons consider cleanliness and sanitation to be more important than customer service when it comes to their dining experience.”

Through Signet, Cintas customers will benefit from:

  • Proven and trusted cleaning, sanitation and hygiene products that deliver superior performance;
  • A leading chemical management service with an easy-to-use dosing and dispensing solution;
  • Weekly service visits from trained professionals who ensure adequate supplies of cleaning chemicals and proper functionality of equipment;
  • Reduction in waste, on-site inventory and time spent managing inventory;
  • An improved environmental profile from the use of super-concentrated chemicals that require less packaging and handling;
  • Improved employee safety through reduced risk of contact with chemicals; and
  • Technical and application expertise.

&"The combination of Diversey’s cleaning and sanitation expertise in foodservice and Cintas’ world-class service network gives operators the peace of mind to focus on the core components of their business while leaving the rest to the Signet service,” added Diversey President and CEO Ed Lonergan.

In addition to the enhanced products and services, Signet will provide customized solutions developed by Cintas and Diversey to meet the specific needs of each commercial food service operation. For example, a customer requiring a specific cleaning or sanitizing application can work with Cintas to identify products in Diversey’s portfolio that deliver the results they need.

For more information about the alliance, please visit Cintas booth #2309 or Diversey booth #3652 at the NRA Show 2011 or go to www.cintas.com.

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May 12, 2011

Diversey and Standard Textile Announce Joint Venture Partnership

Proteus Solutions Will Deliver Breakthrough Cleaning Solutions for Laundry Operations Serving the Lodging and Healthcare Industries

Diversey, Inc., a leading global provider of commercial cleaning, sanitation and hygiene solutions and Standard Textile Co., Inc., an international leader in the design, development, manufacturing and distribution of textiles, decorative products and work apparel, today announced the formation of a joint venture to bring innovative, cost-effective and sustainable laundry cleaning solutions for the lodging and healthcare industries.

Called Proteus Solutions, LLC, the venture will deliver new innovation to these industries through differentiated products and solutions that redefine cleaning and sanitizing processes. Proteus Solutions combines Diversey’s expertise in delivering superior performance in commercial cleaning and sustainability applications with Standard Textile’s unique capabilities in linen management, textiles and activated water. Proteus Solutions will benefit from the expertise of both companies in providing their customers with innovative solutions of proven value. Under the agreement, Diversey and Standard Textile will jointly launch the new business and commercialize bundled offerings.

&"This partnership accelerates delivery of groundbreaking cleaning solutions previously unavailable in the marketplace,” said Diversey President and CEO Ed Lonergan. &"The technology behind Proteus enables customers to substantially improve the effectiveness, efficiency and sustainability profile of their operations.”

Added Standard Textile President and CEO Gary Heiman, &"The combined expertise of our companies is unrivaled. By jointly developing cleaning solutions using Proteus’s proprietary technologies, our customers will benefit from our deep understanding of textile performance and the cleaning process. For example, laundry customers will have a complete solution that pairs the right textiles with a cleaning and sanitizing system that reduces operating costs and extends the life of their linen.”

The first commercial offering from Proteus Solutions is the Proteus® Activator Washing System, an innovative cleaning and sanitizing system for laundries. Already installed at a number of customer locations throughout the world, the Proteus Activator system is demonstrating substantial operational and sustainability benefits without compromising performance in the laundry process. In these installations of the system, customers are achieving faster, more effective washing and drying cycles with smaller amounts of chemicals and water, resulting in less energy consumption, lower overall costs, and greater sustainability. Some of the demonstrated efficiencies include:


  • Cost savings of up to 30 percent as a result of lower chemical consumption and less need to transport and store the products;
  • Significant energy savings due to efficiencies created by the Proteus system in the cleaning and sanitizing process;
  • Water consumption reduction of up to 20 percent as a result of fewer rinse cycles; and
  • Improvements in safety as workers need to handle fewer harmful products.

Proteus Solutions also announced today that the company will debut its first offering for the laundry industry at The Clean Show at the Las Vegas Convention Center in Las Vegas, Nevada, June 6-9th. The company will be located at booth 3677 and will feature the Proteus Activator Washing System as well as case study examples of the efficiencies generated from the system.

Proteus Solutions also introduced a new company identity inspired by the breakthrough application of electro-chemically activated water. The company’s identity will also be captured in the tagline &"Pure. Clean. Results.” A new Web site is also available at: www.proteus-solution.com.

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April 13, 2011

Diversey's ReNew Air Scrubber Technology Wins AMI Environmental Achievement Award for Reducing Environmental Impact at Indiana Packers Corp. Facility

ReNew Technology Improves Air Quality, Reduces Water Consumption and Enhances Employee Safety at the Company’s Delphi, Indiana Facility

Diversey, Inc., a leading global provider of commercial cleaning, sanitation and hygiene solutions, and Indiana Packers Corporation (IPC), a leading processor of premium pork products in the United States, announced IPC received the Environmental Achievement Award from the American Meat Institute (AMI) for implementing Diversey’s proprietary ReNew® Wet Air Scrubber Program.

Diversey’s unique ReNew technology is used in the rendering process to remove volatile organic compounds (VOCs) from the air. ReNew is helping IPC create a safer working environment for plant workers, lower the total cost to operate, save water and improve the odor profile of its facility.

&"We congratulate Indiana Packers Corporation on this major achievement,” said Diversey President and CEO Ed Lonergan. &"IPC deserves recognition for its work to improve the environmental performance of its operations, and we’re honored to be their partner.”  

The ReNew Wet Air Scrubber Program is helping IPC reduce water consumption at its Delphi, Indiana facility by nearly 400,000 gallons per year. ReNew is lowering IPC’s overall cost to operate because the system continuously cleans on-line, reducing downtime and maintenance costs. By using ReNew’s balance of enzymes and surfactants in the cleaning process, IPC has eliminated the use of hazardous chemicals, including concentrated sulfuric acid and caustic soda, saving $100,000 per year.

&"Indiana Packers is very dedicated to operating our business safely while reducing its environmental impact,” said Jon Revord, Vice President of Engineering for Indiana Packers Corporation. &"Partnering with Diversey on an innovative program like ReNew has delivered significant benefit to our facility, improving its safety and environmental metrics. We value Diversey’s expertise and thank the team for its efforts in bringing the ReNew system to our facility.”

IPC implemented the ReNew program in 2009 as part of a broader commitment to enhance the efficiency of its operations, improve worker safety and increase the sustainability profile of its rendering facility. Rendering typically involves the use of a substantial amount of caustic chemicals to mitigate the odors associated with the production of grease and meat products from inedible animal parts.  IPC’s previous scrubber program used chlorine gas and sodium bromide as an oxidizer to control VOCs, along with a cleaning program that used caustic soda and concentrated sulfuric acid.

Paul Gomes, IPC’s Regulatory Compliance Engineer added: &"Before ReNew, we had weekly and monthly cleaning processes for the scrubbers that usually took a technician an entire shift to clean. The ReNew program has eliminated four to five hours of labor per week required to clean the scrubbers, along with the use of 20 gallons of caustic soda and five gallons of concentrated sulfuric acid per month, generating significant cost savings.”

The ReNew Wet Air Scrubber program is a total solution that combines, chemistry, equipment, expertise and ongoing service to deliver:

  • Improved odor profile. The Diversey ReNew Wet Air Scrubber Program reduces foul odors and noxious VOCs emitted from soiled or clogged wet air scrubbers.
  • Enhanced worker safety. ReNew products are neutral on the pH scale. They are free of alkylphenol ethoxylates (APEOs), phosphates, chloride and oxidizers. ReNew drastically reduces the need for acids and oxidizers, which are dangerous to handle and store, or alkali and caustics, which can burn skin and eyes.
  • Up to 28% lower costs to operate. ReNew eliminates the costs associated with off-line cleaning while using a patented combination of chemistry and a dosing system that replaces the oxidizers and reduces water use by up to 60 percent.
  • Improved regulatory compliance. ReNew products reduce the time and financial resources necessary to comply with regulatory bodies such as EPA, OSHA, DNR and other municipal agencies. ReNew products are not required to be reported under SARA 311 or 313 and are also not subject to California’s Proposition 65.

The AMI Environmental Achievement Awards are given to AMI member companies that go beyond environmental compliance by designing and successfully implementing an innovative plant upgrade or environmental program. IPC received its award in Category 3 (advances in environmental technology/advanced technology, upgraded systems, software). As an awards participant, IPC submitted supporting data to document the achievements claimed within its application.

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March 07, 2011

Diversey and Diversey Holdings Announce Conference Call to Review Financial Results for Fiscal Year 2010

STURTEVANT, Wis. – March 7, 2011 – Diversey, Inc. and Diversey Holdings, Inc. today announced that management of both corporations will review financial results for fiscal year ending 2010 in a combined conference call on Friday, March 18, 2011 at 10 a.m. EDT. Diversey President & CEO Ed Lonergan and Chief Financial Officer Norm Clubb will also participate in a question and answer session.

Form 10-K reports for Diversey, Inc. and Diversey Holdings, Inc. will be available on March 17, 2011 in the Investors section of diversey.com.

The conference call can be accessed via telephone as follows:

        Conference ID:  44691974

        Conference Date: Friday, March 18, 2011

        Conference Start Time: 10 a.m. EDT

        Domestic Toll-free Bridge #:

        +1 877 – 217 - 9932

        International Bridge #:  

        +1 702 – 696 - 4203

        Operator Assisted  (for assistance during call, dial *0)


A replay of the call will be available from 2 p.m. EDT March 18, 2011 until close of business April 8, 2011 on the Investors section of diversey.com.

.

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February 21, 2011

Diversey Holdings and Diversey Announce Chairman S. Curtis Johnson will take Leave of Absence; Helen Johnson-Leipold named Chairman

STURTEVANT, Wis.– February 21, 2011– Diversey Holdings, Inc. and Diversey, Inc. today announced their boards of directors have named Helen Johnson-Leipold as Chairman, following the notice from Chairman S. Curtis Johnson that he was resigning from the boards of directors of both companies and taking a leave of absence as chairman.

Mr. Johnson advised the boards he is taking a leave for personal reasons.

&"This change in chairmanship will not affect the company’s operations or strategic direction,” Mr. Johnson said.

Ms. Johnson-Leipold is a member of the board of directors for both Diversey Holdings and Diversey. She is also Chairman of Johnson Financial Group and CEO and Chairman of Johnson Outdoors, Inc.

Diversey Holdings, Inc. and Diversey, Inc. are separate entities with the same board of directors.

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February 17, 2011

Diversey Extends Partnership with The Consumer Goods Forum’s Global Food Safety Initiative to Promote Food Safety Best Practices

New three-year agreement supports strategic development and
education objectives of the Global Food Safety Initiative

LONDON, U.K. – 17 February 2011 – Diversey, a leading global provider of commercial cleaning, sanitation and hygiene solutions and The Consumer Goods Forum (CGF), the only independent global business network for consumer retailers and manufacturers, today announced a three-year extension of their partnership to provide technical expertise and best practices leadership for the Global Food Safety Initiative (GFSI). Under the partnership, Diversey’s food safety experts will actively participate in the GFSI Technical Working Group and provide counsel on food safety auditing and training services as well as sanitation and food safety guidelines in the food service, retail and manufacturing environments.

&"The safety of the world’s food supply is vitally important to the future and sustainability of the world’s population,” said Pedro Chidichimo, Diversey’s President of Global Customer Solutions and Innovation. &"We are pleased to continue our longstanding partnership with the CGF, bringing focused attention to the issues and trends of food safety and providing Diversey’s expertise in sanitation and public health.”

As a partner to the GFSI, Diversey will support a global food safety think-tank panel to deliver thought leadership and research around food safety which will build on the jointly developed Food Safety 2020 project. Launched in 2010, the Food Safety 2020 project has surveyed the food safety community about the trends and issues most likely to face the industry in the next ten years. The project continues to provide active dialogue and best practices sharing around issues such as new technologies, biological risks, supply chain and food contamination.

&"The Consumer Goods Forum looks forward to continuing its work with Diversey in promoting improvements to food safety standards globally,” said Jean-Marc Saubade, Managing Director, The Consumer Goods Forum. &"Diversey provides a wealth of expertise and support to pursue the development of GFSI’s mission to provide continuous improvement of food safety to ensure the delivery of safe food to consumers.”

Formed in 2000, the GFSI is a collaboration between some of the world's leading food safety experts from retailers, manufacturers and food service companies, as well as service providers associated with the food supply chain, and is managed by the Consumer Goods Forum. It helps to reduce risk through the delivery of equivalence in existing food safety schemes and to reduce cost and duplication in the supply chain, while providing a platform for information exchange, networking and sharing best practices. Diversey has supported the GFSI since 2001.

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February 06, 2011

Diversey Presents Sustainability Innovation Award to UGL Services

UGL Services recognized at WFBSC World Congress for its commitment to sustainable facility maintenance

 

Auckland, New Zealand – 7 February, 2011 – Diversey, a leading global provider of commercial cleaning, sanitation and hygiene solutions, today awarded the company’s Sustainability Innovation Award to UGL Services North America at the eighth World Congress of the World Federation of Building Service Contractors (WFBSC). UGL Services was recognized for its commitment to green cleaning and for instilling a strong sustainability culture among its employees and customers through its UGL Services GreenClean® program.

&"UGL Services has shown a deep and longstanding commitment to sustainable facility management,” said Diversey President and CEO Ed Lonergan. &"The UGL team is demonstrating the integration of sustainable business practices into everyday operations, improving efficiency and reducing environmental impact while enhancing overall health and human hygiene.”

Diversey established the Sustainability Innovation Award to encourage and promote green cleaning practices and sustainable innovation among building service contractors and professionals working in the cleaning, sanitation and hygiene industry.

UGL Services-Unicco Operations first introduced its GreenClean program in 2004, establishing a complete set of sustainability-focused standard operating procedures (SOPs) to guide frontline employees in sustainable cleaning techniques as well as approved green-certified chemicals and equipment. UGL Services North America was the first building service contractor to introduce these SOPs for its cleaners and has since expanded the green cleaning program to encompass virtually every aspect of sustainability for commercial, government and education customers. Green cleaning is now the primary service package that is offered by UGL Services to all customers, without incremental cost. Its GreenClean program is delivering measurable improvements to sustainable facility maintenance and management processes and is helping customers achieve certification under the Leadership in Energy and Environmental Design (LEED) program.

Nominations for the Diversey Sustainability Innovation Award were accepted from companies around the world and UGL Services was chosen as the winner by a review panel comprised of WFBSC members. Criteria for the award include a demonstrated commitment to sustainable business practices, emphasis on industry innovation and measurable results of their impact.

&"UGL Services stood out from an impressive collection of nominees to receive the Diversey Sustainability Innovation Award,” said WFBSC President Bob King. &"Through instilling some of the most advanced green cleaning practices into its operations and encouraging other organizations to follow their lead, they are helping to guide the building services industry toward a more sustainable path.”

UGL Services-Unicco Operations Chief Executive George Keches added: &"It is an honor to receive this award from Diversey because of our shared commitment to the sustainable operations of properties worldwide. From the beginning, when we introduced the UGL Services GreenClean program, Diversey has been a partner in enabling us to accomplish our sustainability goals with its innovative products. This award recognizes our mutual accomplishments and promises additional progress through innovative products and sustainable procedures.”

The Diversey Sustainability Innovation Award was presented on the opening day of the eighth World Congress of the WFBSC. In his remarks during the opening plenary session, Lonergan issued a challenge to the delegates to reduce the impact of their businesses on the world. He announced that Diversey would fund the work of a panel of experts across the building services industry to establish quantifiable measures to track the WFBSC’s progress toward its sustainability commitments.

&"What we do for the world as a building services industry is a noble cause,” said Lonergan. &"By working together, and helping our customers achieve meaningful sustainability improvements, we can attract new talent and improve the performance and profitability of our industry.”

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January 31, 2011

Diversey Introduces One Step Fryer Boil-Out Program: A New Concept in Fryer Cleaning

New program reduces labor, energy and chemical, revolutionizing conventional FBO processes

STURTEVANT, Wis. – January 31, 2011 – Diversey, Inc. today announced the introduction of a new concept in fryer cleaning, the One Step Fryer Boil-Out (FBO) Program. Designed to clean carbonized soils from fryers and other industrial food manufacturing equipment, the One Step FBO enhances the traditional fryer cleaning process by significantly reducing the amount of cleaning and rinsing time, energy, chemical and water used. This increases the efficiency of the process, providing customers with a more sustainable method for cleaning commercial fryers, contributing to a healthier, safer and cleaner environment.

&"One Step FBO completely reinvents the way our customers think about cleaning commercial fryers,” said Todd Willis, sector expert, Diversey. &"Current methods for eliminating the build-up and grease in a fryer can take upwards of 10 hours. With the One Step system, required cleaning time is cut in half, enabling operators to refocus their cleaning on other areas in the facility.”

Steps associated with traditional fryer cleaning processes or &"fryer boil outs,” may be extensive, requiring use of caustic substances that can potentially harm users and produce less than satisfactory results. The One Step FBO streamlines the process into one simple procedure using a combination of highly effective products and cleaning processes that eliminate up to 65 percent of water and energy, 30 percent of chemical and 49 percent of the time required during a conventional FBO.

When developing the specific cleaning formulas that meet the specific needs of any type of fryer operation, Diversey chemists took several factors into account, including the various types of cooking processes, oils, cooking temperatures and metal used in the frying machine. The resulting program reduces downtime, increases production capabilities and improves the overall effectiveness of the FBO system. These distinctive qualities have been recognized by Frito-Lay North America, which recently presented the One Step FBO Program with innovation accolades.

&"Food manufacturers need a fryer boil out cleaning system that achieves satisfactory results while reducing downtime and food safety risks,” added Willis. &"With One Step FBO, users can be assured their commercial fryers will be cleaner and safer to operate while reducing the environmental impact of the boil out process.”

In addition to the chemical, the One Step FBO Program offers a customized fryer audit, a cost calculator, specialized technical support and ongoing results monitoring for each user. This enables users to better quantify efficiencies and demonstrate results.

For more information on the One Step FBO, go to diversey.com/onestepfbo.

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January 25, 2011

Diversey Announces Geographic Realignment of its Operating Regions and Executive Leadership Changes

STURTEVANT, Wis.– January 25, 2011 –Diversey, Inc. today announced new leadership appointments and a realignment of its operating regions. Following completion of the realignment, which is expected to be effective later in fiscal 2011, the corporation will operate across four geographic regions:

  • Americas, including all countries in North and South America;
  • Europe, including all countries in Western and Eastern Europe plus Russia;
  • Japan; and
  • A newly created region to be comprised of Asia-Pacific, Africa, Middle East and Turkey. This region will also include the Caucasian and Asian Republics.

In addition, Diversey will be establishing a new Global Customer Solutions and Innovation group, which will lead global customer management, marketing, research and development and creation of sector-based strategies.

Diversey today appointed the following executives to lead the four operating regions:

  • John Alexander will continue in his role as regional president, Americas. Prior to joining Diversey in 2008, Alexander served as vice president and general manager, New Business and Innovation, North America with Whirlpool Corporation. While at Whirlpool, Alexander also served in a number of other executive and managerial positions in planning, merchandising and product development.
  • Moreno Dezio will serve as regional president, Europe. Previously, he served the company as regional president, Greater Asia-Pacific. Prior to that role, he was regional president, Latin America and also held various senior management positions with Diversey since joining the company in 1993. Prior to joining Diversey, Dezio held various leadership positions with S.C. Johnson & Son.
  • Nobuyoshi Yamanaka will serve as regional president, Japan. Yamanaka-san joins Diversey from Conlux (Bain Capital), where he served as chairman and chief executive officer. He has also held various global corporate leadership and chief executive roles with Emerson Electric, GE-Hitachi and U.S. Surgical. Yamanaka-san has also served as a member of Diversey’s regional advisory board for the former Greater Asia-Pacific region since 2007.
  • Yagmur Sagnak will serve as regional president, Asia-Pacific, Africa, Middle East, Turkey. Previously, Sagnak was vice president, Institutional & Laundry in the former Europe, Middle East, Africa region for more than two years. He joined Johnson Wax Professional in 1995 and has held numerous leadership positions of increasing responsibility, including area vice president, Central and Eastern Europe, Turkey, Africa and Middle East, managing director, Turkey and Middle East, director, Global Customer Development, Food Service and director, National Sales and Marketing. Prior to joining the company, Sagnak held several management positions with Unilever Turkey.

Pedro Chidichimo is appointed president, Global Customer Solutions and Innovation. Previously, he served for more than three years as regional president, Europe, Middle East and Africa. Since joining the company in 1994, Chidichimo has held various executive leadership positions, including regional president, Latin America, vice president, Southern & Andina Latin America sub-region and managing director, Argentina. Prior to joining Diversey, Chidichimo held various management positions with S.C. Johnson & Son and Monsanto Argentina.

Until the realignment of the four new operating regions is fully implemented, financial results for Diversey, Inc. and its parent holding company, Diversey Holdings, Inc., will continue to be reported according to the prior regional structure, which divided global operations into three regions: Americas, Asia-Pacific (including Japan) and Europe, Middle East and Africa. Implementation of the four new operating regions and the transition to corresponding financial reporting segments is expected to occur later in fiscal 2011.

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