Sealed Air Acquires Virox Technologies’ Accel Brand and Healthcare Businesses in the USA and Canada
Elmwood Park, NJ, 2 July 2014 – Sealed Air Corporation (NYSE: SEE) announced today that it has completed the acquisition of the Virox Technologies’ Accel® brand and its related healthcare businesses in the United States and Canada.
The acquired assets include the brand, the current healthcare business and existing customer relationships. Through its Diversey Care business, Sealed Air has had a long-standing exclusive, global relationship with Virox, and this new arrangement will enhance Diversey Care’s marketing of Virox’s proprietary Accelerated Hydrogen Peroxide® (AHP®) technology. In addition to increased focus on healthcare surface cleaning and disinfection applications, Diversey Care continues to provide all the benefits of AHP to the broader institutional and industry markets, which include the education, government, facilities management, retail and food service sectors.
“We see a unique opportunity to utilise Virox’s patented technology and Professional and Technical Services (PTS) model around the world to deliver thought leadership in the cleaning and disinfecting arena,” said Ilham Kadri, President of Sealed Air’s Diversey Care division. “Their PTS model combined with our sales coverage, application expertise and global distribution will create an environment that will ensure the success of our AHP- based solutions in the Oxivir® brand globally.”
AHP is a patented, synergistic blend of commonly used, safe ingredients, which, when combined with low levels of hydrogen peroxide, dramatically increases its disinfecting and cleaning ability. It provides the unique benefits of speed and efficacy, while being gentle on people, surfaces and the environment.
Virox CEO, Randy Pilon states, “Virox has a long-standing relationship with Diversey Care and our combined healthcare business now puts Diversey in a leading position for knowledge-based solutions in surface disinfection in the healthcare sector in Canada. The plan is to replicate this success in the United States and become the infection prevention resource for healthcare professionals so that all the sectors supported by Diversey Care will feel confident in choosing their infection prevention solutions.”
The financial terms of the transaction were not disclosed. Sealed Air does not expect the transaction to be material to its consolidated financial position or results of operations.
About Sealed Air
Sealed Air Corporation creates a world that feels, tastes and works better. In 2013, the Company generated revenue of approximately $7.7 billion by helping our customers achieve their sustainability goals in the face of today's biggest social and environmental challenges. Our portfolio of widely recognised brands, including Cryovac® food packaging solutions, Bubble Wrap® cushioning, and Diversey™ cleaning and hygiene solutions, ensures a safer and less wasteful food supply chain, protects valuable goods as they are shipped around the world and improves health through clean environments. Sealed Air has approximately 25,000 employees who serve customers in 175 countries. To find out more, visit www.sealedair.com.
About Virox Technologies, Inc.
Virox, founded in 1998, is headquartered in Ontario, Canada, and is solely focused on the use of Hydrogen Peroxide as a sustainable, effective antimicrobial solution for hands, surfaces and devices, displacing legacy chemistries that are largely ineffective against targeted pathogens and can be harsh on the user and the environment. Virox has 7 global patents issued, with as many pending, and licences the portfolio to global leaders in infection prevention across a variety of sectors including consumer, institutional, dental, animal health, agriculture and food processing.
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Corporate Communications Director