DOWNERS GROVE, Ill. and CARNEGIE, Pa., Dec. 1, 2015 /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 Weaver Town Oil Services, Inc., and Weavertown Transport Leasing, Inc., operating as the Weavertown Environmental Group ("WEG"), a premier provider of environmental and facilities maintenance services.
Founded in 1981, WEG provides a full range of environmental and consulting services, including industrial cleaning, waste management and transportation, site remediation, and 24/7/365 emergency response services. The company employs more than 210 professionals and specialists, and operates from eight locations.
"Industrial operations and municipalities are increasingly challenged by the regulatory complexities related to managing and preventing waste and environmental concerns," said Univar President and Chief Executive Officer Erik Fyrwald. "The acquisition of Weavertown Environmental Group enhances Univar's offering of value-added environmental services with trusted expertise and experience that increases our capabilities and presence not only in the industrial services market, but also in key geographic markets across the U.S."
To meet its clients' requirements, WEG has invested in a broad range of equipment, personnel, and supply capabilities. In addition to environmental services, WEG offers towing, garage services, stone aggregate and landscape supply, and oil delivery services. The company is also an emergency response contractor for the CHEMTREC CHEMNET® program. Univar plans to integrate the WEG business with its ChemCareSM waste management service.
"For more than 30 years, we have worked to build a strong family business focused on two simple goals: to be a great employer and a great supplier and service provider to our markets," said Dawn Fuchs, President and CEO of Weavertown Environmental Group. "As we looked ahead to our future and the opportunities we had to further grow our business and a service offering, Univar was the right fit, for our clients, our employees, and for Weavertown Environmental Group. We look forward to our new future as a Univar company."
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," 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.
SOURCE Univar Inc.