Univar Inc. Files Registration Statement for Proposed Initial Public Offering of Common Stock

Jun 30, 2010, 10:05 ET from Univar

REDMOND, Wash., June 30 /PRNewswire/ -- Univar Inc. (the "Company") today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of shares of its common stock. The offered shares will include shares to be sold by the Company and shares to be sold by the Company's sole stockholder, Univar N.V.  The indirect majority shareholders of Univar N.V. are investment funds advised by CVC Capital Partners Advisory (U.S.), Inc.  The total number of shares to be offered and the price range for the offering have not yet been determined.  The Company intends to use the net proceeds it receives from the offering to redeem or repay a portion of its outstanding indebtedness and for general corporate purposes.  The Company will not receive any of the proceeds from the sale of shares by the selling stockholder.  Founded in 1924 and headquartered in Redmond, Washington, Univar is a leading global distributor of commodity and specialty chemicals.

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Goldman, Sachs & Co. and BofA Merrill Lynch will act as joint book-running managers for the proposed offering. The offering will only be made by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained by contacting Goldman, Sachs & Co. at 200 West Street, New York, NY 10282, Attn: Prospectus Department, by telephone at 1-866-471-2526 or by e-mailing Prospectusny@ny.email.gs.com, or BofA Merrill Lynch at 4 World Financial Center, New York, NY 10080, Attn: Preliminary Prospectus Department or e-mail Prospectus.Requests@ml.com.

A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale of securities would be unlawful prior to their registration and qualification under the securities laws of any such state or jurisdiction.