NEWS
SEALED AIR ANNOUNCE SALE OF DIVERSEY CARE TO BAIN CAPITAL
PRIVATE EQUITY Sealed Air Corporation has announced that it has entered into a definitive agreement to sell its Diversey Care division and the food hygiene and cleaning businesses within its Food Care Division (together ‘New Diversey’) to global private investment firm Bain Capital Private Equity, in a deal worth approximately $3.2billion.
New Diversey, which will be a leading hygiene and cleaning solutions company that integrates chemicals,
EXHIBITORS AND VISITORS HAIL THE SUCCESS OF
CLEANING SHOW 2017 Almost 6,000 visitors from the cleaning and hygiene sector passed through the doors of the London Cleaning Show this month, making it the most successful show yet.
Attendance was 5% up on the last London show in 2015, with overseas visitors up by 9%.
More importantly, this year’s visitors had real spending power, with some 17% of attendees having an annual budget of more than £1million to spend on cleaning equipment and services.
Exhibitors reported making sales directly from the stands, as well as taking a number of high quality leads. Many of them have already booked space at the next London show in two years time.
It was also a very successful show for the British Cleaning Council, who was celebrating its 35th anniversary with a larger stand than normal.
BCC Chairman, Simon Hollingbery, said: “After a long winter the sun
8 | Tomorrow’s Cleaning
floorcare machines, tools and equipment with a wide range of technology-based services, food safety services and water and energy management, will continue to employ around 8,600 people globally.
Speaking of the announcement, Jerome Peribere, President and CEO of Sealed Air, said: “We are pleased that New Diversey has a strong partner to support future growth initiatives and drive further expansion. Diversey Care and its related hygiene business has built an impressive innovation pipeline that includes the Internet of Clean, robotics and AHP disinfection technologies, revamped its go-to-market strategy and significantly improved profitability.”
Ken Hanau, a Managing Director at Bain Capital Private Equity, added:
“Diversey has a long track record of leadership in the hygiene and cleaning solutions market on a global basis.
“We are excited to partner with the talented team at Diversey to grow across key market verticals and geographies while investing in innovative hygiene solutions. Bain Capital’s integrated global platform and strong growth orientation are well aligned with the strategic vision for Diversey.”
The sale of New Diversey to Bain Capital is expected to close in the second half of 2017, and is subject to certain regulatory approvals and customary closing conditions.
finally came out, and so too did the cleaning industry. We were blown away with how many people there were in the hall, particularly during the second day. Our members were very busy engaging with visitors as they passed by our stand, and I’d like to thank everyone who helped out.”
The BCC had put a lot of preparation into this year’s seminar programme and were delighted to learn it had attracted more than 1,000 people during the three days.
It was a special occasion also for the CSSA, who held their inaugural awards during the show. The awards ceremony, held at the Bridge Restaurant at the Excel, was extremely well attended, with a number of worthy winners announced from across the UK cleaning Industry.
Many exhibitors booked stand space straight away for the Excel show in two years time, but the next cleaning event to look forward to will be next year’s Manchester Cleaning Show at Event City, 11-12 April 2018.
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