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Tz Acquisition Corp history
Tz Acquisition Corp company history timeline
In 1978, The Molson Companies Limited, perhaps best known for being North America’s oldest brewery, continued a strategic diversification that included chemical specialties acquisitions.
As Molson slowly exited the cleaning chemicals market, it sold most of Diversey in 1996 to the British-Dutch transnational consumer goods company Unilever.
As Unilever shifted focus to its portfolio of consumer businesses, the DiverseyLever institutional and industrial cleaning business was sold in 2002 to Racine, Wis.-based Johnson Wax Professional (JWP) in the United States.
JohnsonDiversey, Inc. and JohnsonDiversey Holdings, Inc. announced on March 1, 2010 that the Board of Directors of both entities would approve a change of their corporate names.
In October 2016, Sealed Air announced a plan to spin off its Diversey Care division along with the food hygiene and cleaning business within its Food Care division.
The sale was completed September 6, 2017, once again establishing the company back to its founding name, Diversey, Inc.
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