Univar Acquires Bodine Services of the Midwest

02 Mar, 2016, 12:04 ET from Univar Inc.

DOWNERS GROVE, Ill. and DECATUR, Ill., March 2, 2016 /PRNewswire/ -- Univar Inc. (NYSE: UNVR) ("Univar") announced today that its wholly-owned subsidiary, Univar USA Inc. ("Univar USA"), has acquired all of the outstanding stock of Bodine Services of Decatur, Inc.; Bodine Environmental Services, Inc.; and affiliated entities, operating as Bodine Services of the Midwest ("Bodine"), a regional provider of environmental and facilities maintenance services.

Founded in 1960, Bodine provides a comprehensive range of waste management and environmental consulting and contracting, plant maintenance, and other services throughout the Midwest. The company is headquartered in Decatur, Ill., and operates from five locations in Illinois, Iowa and Indiana.

"The acquisition of Bodine Services supports our vision of creating a leading national platform for Univar's industrial and waste management services," said Univar President and Chief Executive Officer Erik Fyrwald. "In addition to expanding our footprint with additional service centers in key geographic markets, Bodine has expertise that is critical to helping customers effectively manage compliance within their operations by preventing waste and environmental concerns."  

Bodine serves customers in both the public and private sectors with a full portfolio of services from project planning to 24/7 emergency services. The company operates a fleet of 200 licensed vehicles and has a trained staff of 200 employees, including trained and certified drivers and technicians, and registered professional engineers. Univar plans to integrate the Bodine business with its ChemCareSM waste management service.

"For more than 50 years, our family and dedicated employees have tirelessly worked to build a business and a brand that represents quality service in the market," said Jack Bodine, Chief Executive Officer of Bodine Services. "When we looked ahead to the future for our company, it was clear that Univar was in the best position to provide new opportunities to our customers and employees, as well as carry forward our Bodine commitment to service, safety, and professionalism."

About Univar Inc.

Founded in 1924, Univar is a global distributor of specialty and basic chemicals from more than 8,000 producers worldwide. Univar operates more than 800 distribution facilities throughout North America, Western Europe, the Asia-Pacific region, and Latin America, supported by a global network of sales and technical professionals. With a broad portfolio of products and value-added services, and deep technical and market expertise, Univar delivers the tailored solutions customers need through one of the most extensive chemical distribution networks in the world. Univar is Chemistry DeliveredSM.

Forward-Looking Statements

This press release includes "forward-looking statements," including with respect to the proposed initial public offering, within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "plan," "seek," "comfortable with," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

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SOURCE Univar Inc.