23 Nov, 2020, 16:30 ET
DOWNERS GROVE, Ill., Nov. 23, 2020 /PRNewswire/ -- ChemPoint.com Inc. ("ChemPoint"), a subsidiary of Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, announced today that The Chemours™ Company has chosen ChemPoint.com for sales and distribution of its Viton™ fluoroelastomers in the United States and Canada. Fluoroelastomers are used in extruded and molded goods, mechanical seals, and other products used in a range of industries including automotive, aerospace, oil and gas, chemical processing, consumer electronics, and industrial machinery.
Viton™ fluoroelastomers are intended to bring consistent performance and durability in extreme conditions by helping products retain their flexibility, strength, shape, and seal. This design can lead to better overall product performance when exposed to high temperatures, chemicals, and corrosive conditions. From turbocharger hoses designed to resist synthetic oils and corrosive fumes to gaskets and seals for downhole hydraulic systems in oil and gas exploration fields, Viton™ fluoroelastomers help produce products that are more reliable in harsh environments.
"Chemours is excited to expand our partnership with ChemPoint and leverage their business model, which is in lockstep with the quickly shifting needs of today's business climate. This makes us well positioned for growth as traditional business moves into the digital space," said Graham Pratt, Chemours' Americas sales director of Fluoropolymers.
ChemPoint offers technical expertise across multiple industry segments along with an understanding of customer needs to help bring marketing proficiency and reach new markets and applications to support the growth of Viton fluoroelastomers.
"We are elated for this opportunity to further expand our relationship with Chemours through the distribution, sales, and marketing of the Viton™ fluoroelastomers product line in the United States and Canada," said Rick Hoener, global managing director of ChemPoint. "With the unique addition of these technologies, ChemPoint has expanded its portfolio into the elastomer space and we look forward to the continued success of our business as we leverage our digital marketing and sales approach to help meet the needs of the evolving customer base."
About Univar Solutions
Univar Solutions (NYSE: UNVR) is a leading global specialty chemical and ingredient distributor representing a premier portfolio from the world's leading producers. With the industry's largest private transportation fleet and North American sales force, unparalleled logistics know-how, deep market and regulatory knowledge, world-class formulation and recipe development, and leading digital tools the company is well-positioned to offer tailored solutions and value-added services to a wide range of markets, industries, and applications. Univar Solutions is committed to helping customers and suppliers innovate and grow together. Learn more at UnivarSolutions.com.
ChemPoint.com, Inc., a wholly owned subsidiary of Univar Solutions Inc., is a unique distribution business that provides marketing and sales services for specialty and fine chemicals in North America, Europe, Middle East, Africa, and Latin America. The company engages in exclusive product line relationships with premier manufacturers, providing tailored solutions to more than 90 supplier partners and over 200 product lines globally. For more information, please visit chempoint.com
The Chemours Company is a global leader of titanium technologies, fluoroproducts and chemical solutions, providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. Chemours ingredients are found in plastics and coatings, refrigeration and air conditioning, mining and general industrial manufacturing. Chemours flagship products include prominent brands such as Teflon™, Ti-Pure™, Krytox™, Viton™, Opteon™, Freon™ and Nafion™. In 2019, Chemours was named to Newsweek's list of America's Most Responsible Companies. The company has approximately 7,000 employees and 28 manufacturing sites serving approximately 3,700 customers in over 120 countries. Chemours is headquartered in Wilmington, Delaware. For more information, visit chemours.com.
This press release includes certain statements relating to future events and our intentions, beliefs, expectations, and outlook for the future, which are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements regarding the impacts of the effects of COVID-19 on the Company, the Company's liquidity position, actions regarding expense control and cost reductions, expected net synergies from the Nexeo acquisition, capital expenditures and other statements regarding the Company's initiatives and expected future performance. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company's control. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the expectations and assumptions. A detailed discussion of these factors and uncertainties is contained in the Company's filings with the Securities and Exchange Commission. Potential factors that could affect such forward-looking statements include, among others: the ultimate geographic spread of the COVID-19 pandemic; the duration and severity of the COVID-19 pandemic; actions that may be taken by governmental authorities to address or otherwise mitigate the impact of the COVID-19 pandemic; the potential negative impacts of COVID-19 on the global economy and our customers and suppliers; the overall impact of the COVID-19 pandemic on our business, results of operations and financial condition; other fluctuations in general economic conditions, particularly in industrial production and the demands of our customers; significant changes in the business strategies of producers or in the operations of our customers; increased competitive pressures, including as a result of competitor consolidation; significant changes in the pricing, demand and availability of chemicals; our levels of indebtedness, the restrictions imposed by our debt instruments, and our ability to obtain additional financing when needed; the broad spectrum of laws and regulations that we are subject to, including extensive environmental, health and safety laws and regulations; an inability to integrate the business and systems of companies we acquire, including of Nexeo Solutions, Inc., or to realize the anticipated benefits of such acquisitions; potential business disruptions and security breaches, including cybersecurity incidents; an inability to generate sufficient working capital; increases in transportation and fuel costs and changes in our relationship with third party providers; accidents, safety failures, environmental damage, product quality and liability issues and recalls; major or systemic delivery failures involving our distribution network or the products we carry; operational risks for which we may not be adequately insured; ongoing litigation and other legal and regulatory risks; challenges associated with international operations; exposure to interest rate and currency fluctuations; potential impairment of goodwill; liabilities associated with acquisitions, ventures and strategic investments; negative developments affecting our pension plans and multi-employer pensions; labor disruptions associated with the unionized portion of our workforce; and the other factors described in the Company's filings with the Securities and Exchange Commission. We caution you that the forward-looking information presented in this press release is not a guarantee of future events or results, and that actual events or results 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, "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 the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law.
SOURCE Univar Solutions Inc.
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