FORT MILL, S.C., March 23, 2022 /PRNewswire/ -- Diversey Holdings,
Ltd. (NASDAQ: DSEY) a leading provider of hygiene, infection
prevention and cleaning solutions, announces its plan to apply an
additional price supplement in the form of an energy surcharge that
will be effective for all deliveries from Friday 15th April 2022.
The percentage supplement, which has become necessary in order
to partially offset incremental inflation and the significant rise
in energy, gas and oil prices, ranges from 8% -15% and will remain
in place until the increased energy prices return to normalized
levels.
A significant proportion of the raw materials and manufacturing
for Diversey's portfolio are by-products of energy intensive
processes. The impact of high energy costs and reduced output in
these industries has resulted in significantly inflated costs for
many businesses including Diversey.
In light of this, Diversey has taken several measures to
mitigate the adverse effects, including reducing the use of energy
in daily operations, optimizing supply chain, holding higher
inventory, and refining the portfolio.
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 insights into the usage of energy,
in order to identify real savings.
Given the scale of the cost increases, Diversey now needs to
implement this surcharge to counter the net effect of the energy
surge and the mitigation actions, consistent with others in the
industry.
As a critical partner in hygiene, Diversey remains committed to
ensuring that its business operations and those of its customers
continue to run smoothly without disruption, consistent with its
organizational mission.
About Diversey
Diversey's mission is to protect and care for people through
leading hygiene, infection prevention, and cleaning solutions. We
develop and deliver innovative products, services, and technologies
that save lives and protect our environment. Over the course of 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.