Diversey Plans To Implement Energy Surcharge

by Shivani Kumaresan, Benzinga Staff Writer

March 23, 2022 3:26 PM | 1 min read |

Diversey Holdings Ltd DSEY plans to apply an additional price supplement, ranging 8% -15%, in the form of an energy surcharge.
The new surcharge will be effective for all deliveries from April 15, 2022.
The company attributed the necessity to partially offset incremental inflation and the significant rise in energy, gas, and oil prices.
A major chunk 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 inflated costs for many businesses, including Diversey.
Price Action: DSEY shares are trading higher by 2.40% at $8.10 on the last check Wednesday.

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