Univar Acquires Mexico Distributor Quimicompuestos Strategic Expansion in a High Growth Market
REDMOND, Wash. and MONTERREY, Mexico, May 16, 2013 /PRNewswire/ -- Univar Inc., a leading global distributor of chemistry and related services, today announced it has completed the acquisition of Quimicompuestos, a leading distributor of commodity chemicals in Mexico. Terms of the acquisition were not disclosed.
Quimicompuestos is a leading chemical distributor in Mexico. The company has strong relationships with over 50 key suppliers, and delivers over 100 products to more than 4,500 customers in 25 diverse end markets. The company is well positioned in Mexico, with a nationwide distribution network and strong expertise in high growth industries.
"We are extremely pleased to announce the acquisition of Quimicompuestos," said Erik Fyrwald, President and Chief Executive Officer of Univar. "Quimicompuestos provides a strong commodity business with reach throughout Mexico and is a recognized leader in key industries driving the region's growth including those like Oil & Gas and Coatings & Adhesives. The combination provides a platform for future growth and enables us to offer our customers and suppliers the complete, end-to-end value proposition with both specialty chemical and commodity offerings."
"Univar is an excellent partner for Quimicompuestos," said Edmundo Sillas Vidal, President and Chief Executive Officer of Quimicompuestos. "The combination will create many synergies by providing enhanced services for our customers, access to a broader base of chemical manufacturers and products, and opportunities to leverage the global capabilities of Univar."
Quimicompuestos was founded in 1984 and is headquartered in Monterrey, Mexico. The company's 17 locations provide a broad, nationwide infrastructure. They currently partner with over 50 key suppliers and serve more than 4,500 customers in diverse end markets. Quimicompuestos distributes over 100 products from its facilities, including a range of thinners, aromatics, aliphatics, alcohols, ketones, esters, glycols, glycol ethers, monomers, blends, and acids.
Univar is one of the world's leading distributors of industrial and specialty chemicals. Univar represents over 3,500 chemical producers and provides its customer base, made up of 115,000 customers, with a full portfolio of products. Univar operates a global network of more than 260 facilities in North America, Europe, the Asia-Pacific region, and Latin America, with additional sales offices located in Eastern Europe, the Middle East, and Africa. In 2011, Univar reported sales of $9.7 billion. For more information, visit: www.univar.com.