DIVERSEY ANNOUNCES GLOBAL ENERGY SUPPLEMENT

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FORT MILL, South Carolina, March 23, 2022 /PRNewswire/ — Diversey Holdings, Ltd. (NASDAQ: DSEY), a leading provider of hygiene, infection prevention and cleaning solutions, announces its intention to apply an additional price supplement in the form of an energy surcharge which will be effective for all Friday deliveries April 15, 2022.

The percentage supplement, which has become necessary to partially compensate for progressive inflation and the significant rise in energy, gas and oil prices, ranges from 8% to 15% and will remain in place until the rising energy prices return to normalized levels.

A significant proportion of raw materials and manufacturing in Diversey’s portfolio are by-products of energy-intensive processes. The impact of high energy costs and reduced production in these industries has resulted in significant cost increases for many companies, including Diversey.

In light of this, Diversey has taken several steps to mitigate the negative effects, including reducing energy consumption in day-to-day operations, optimizing the supply chain, maintaining higher inventory and portfolio refinement.

Similarly, Diversey has also taken steps to help its customers manage their energy costs, for example through low temperature washing, management information systems, concentrated products and dispensing systems, which offer insight into the use of energy, in order to identify real savings.

Given the magnitude of the cost increases, Diversey must now implement this surcharge to counter the net effect of the energy surge and mitigation measures, in line with others in the industry.

As a critical hygiene partner, Diversey remains committed to ensuring that its business operations and those of its customers continue to run uninterrupted in line with its organizational mission.

About Diversey

Diversey’s mission is to protect and care for people through leading solutions in hygiene, infection prevention and cleaning. We develop and deliver innovative products, services and technologies that save lives and protect our environment. In 95 years, the Diversey brand has become synonymous with product quality, service and innovation.

For more information, visit www.diversey.com or follow us on LinkedIn, Facebook or Twitter @diversey.

SOURCE Diversey


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