Univar Announces Joint Venture with E.A. Juffali & Brothers
REDMOND, Wash., June 2, 2014 /PRNewswire/ -- Univar Inc., a world leader in the distribution of chemistry and related products and services, announced today a joint venture with E.A. Juffali & Brothers, a major player in chemicals and other industries based in Jeddah, Saudi Arabia. The joint venture will be a full distribution business headquartered in the country's Eastern Province.
The joint venture between Univar and E.A. Juffali & Brothers helps both companies grow their presence around the world, giving Univar critical access to markets across the Middle East to better serve their customers in the region. The unique partnership combines Juffali's infrastructure and knowledge of the local business and government environment along with Univar's strong supplier relationships and logistics expertise. The joint venture will distribute chemicals across industries, including personal care, oil and gas, food, coatings, and household, institutional and industrial cleaners.
"We are excited to begin this joint venture with E.A. Juffali & Brothers, which will allow us to access the critical Saudi Arabian distribution network and better serve our customers," said Erik Fyrwald, President and CEO of Univar. "We look forward to bringing our focus on safety and distribution excellence as well as supplier relationships to what we know will be a successful long-term partnership."
Univar is one of the world's leading distributors of industrial and specialty chemicals and related chemistry services. Univar represents over 3,500 chemical producers and provides its customer base, made up of 115,000 customers, with a full portfolio of products. The company operates a network of more than 260 distribution facilities throughout North America, Europe, the Asia-Pacific region, and Latin America, with additional sales offices located in Eastern Europe, the Middle East, and Africa. In 2012, Univar reported sales of $10.3 billion. For more information, visit: www.univar.com.
About E.A. Juffali & Brothers
E. A. Juffali & Brothers was established in 1946 by the three brothers Ebrahim, Ali and Ahmed Abdullah Juffali. Over the last seven decades, Juffali has taken part in making Saudi Arabia the thriving modern economy it is today, even setting up the electric power supply and telecommunications to some of Saudi Arabia's major cities, during the initial development of the Kingdom. Over the years Juffali has developed alliances with many world-leading brands. For more information, visit www.juffali.com.
SOURCE Univar Inc.