DOWNERS GROVE, Ill. and COPLEY, Ohio, July 16, 2015 /PRNewswire/ -- Univar Inc. (NYSE: UNVR) ("Univar") announced today that its wholly-owned subsidiary, Univar USA Inc. ("Univar USA"), has acquired the assets of Chemical Associates, Inc. Financial terms of the acquisition were not disclosed.
Founded in 1981, Chemical Associates is a marketer, manufacturer, and distributor of oleochemicals, including tall oil fatty acids, oleic acids, stearic acids, fractionated acids, fatty alcohols, polyunsaturated fatty acids, coconut fatty acids, castor derivatives, methyl esters, calcium stearate, metallic stearates, and glycerine, many of which are based on renewable and sustainable resources.
"The acquisition of Chemical Associates will help increase the value Univar can bring in a number of our key markets such as personal care, food, cleaning and sanitization, lubricants, and coatings and adhesives," said Univar President and Chief Executive Officer Erik Fyrwald. "Oleochemicals are the building blocks for a wide variety of products, and complement our existing deep product and service offering in the U.S. In addition, we will gain enhanced access to global sources for various grades of oils/acids and the technical expertise to reformulate and create unique grades of these products to meet customers' prime product specifications."
Chemical Associates specializes in blending, mixing, and packaging formulated oleochemical products and serves customers from 14 locations throughout the U.S. and can supply packaged and bulk quantities. The acquired business will be combined with Univar USA's operations.
"For more than 30 years, we have worked hard to build our reputation in the marketplace as a highly capable, competent, and dependable supplier of oleochemical products," said Nick Berchtold, President and owner of Chemical Associates. "We welcome the opportunity to further build on this legacy as part of a leading global organization, and by leveraging the new opportunities that Univar will provide to our customers, suppliers and, most importantly, our employees."
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 700 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.
This press release includes "forward-looking statements" 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.
SOURCE Univar Inc.