Nov 16, 2020, 16:30 ET
DOWNERS GROVE, Ill., Nov. 16, 2020 /PRNewswire/ -- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "the Company"), a global chemical and ingredient distributor and provider of value-added services, today announced that Evergrain Ingredients LLC has selected Univar Solutions to distribute its portfolio of plant-based ingredients for food, beverage, and nutraceutical products in the United States and Canada, as well as various countries in Europe, Middle East, and Africa (EMEA)1. The Evergrain™ product range, derived from barley grains, further expands Univar Solutions' comprehensive offering of plant-based food and nutraceutical products across these regions.
The agreement covers a range of products including EverPro™, EverVita™ Pro, and EverVita™ Fibra. EverPro is a highly soluble pure protein isolate used in a variety of applications such as ready-to-drink (RTD) and ready-to-mix (RTM) beverages, plant-based milks, and bars where a sustainable plant-based protein claim is needed. EverVita Pro and EverVita Fibra are ideal for applications across baked goods, such as bread, cakes, pasta, tortillas, and pizza crusts.
"We are excited to be working in partnership with Evergrain to bring to market this new range of plant-based, sustainable ingredients backed by our solution centers that consistently bring value-add technical expertise across multiple geographies to customers and suppliers through our dedicated food ingredients business. We believe the functionality of these ingredients will resonate with the needs of our food and beverage customers in the United States, Canada, and EMEA," said Kevin Hack, vice president of global food ingredients at Univar Solutions. "This strategic agreement with Evergrain is synergistic with our leading market access and full range of ingredient offerings. We look forward to helping Evergrain expand the reach of their innovative, plant-based solutions and working together to help bring additional value to customers across a greater geography."
Evergrain produces sustainable, nutritious, and functional ingredients for beverages, food products, and food supplements. The company transforms barley grains into ingredients that are rich in protein, dietary fiber and are minimally processed to fit clean label requirements. Additionally, Evergrain ingredients are dairy-free making them suitable for vegan recipes, and are highly soluble, providing new product development versatility.
Rodger Jonas, chief sales officer for Evergrain, added, "Evergrain is embarking on a mission to create incredible ingredients that nourish the world through the power of circularity. Now, in synergy with Univar Solutions' extensive market access and customer reach, we'll offer sustainable, nutritious, and functional protein and fiber-rich ingredient solutions to more customers. The range of food and beverage applications that can benefit from the power of barley, one of nature's ancient grains, is endless."
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.
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 anticipated future results and financial performance, liquidity position and cash flows, actions regarding expense control and cost reductions, expected net synergies from the Nexeo acquisition, capital expenditures and other statements regarding the Company's Streamline 2022 Program and other initiatives. 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 sustained geographic spread of the COVID-19 pandemic; the duration and severity of the COVID-19 pandemic; current and new 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 and the timing and extent of an economic recovery; 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, 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.
1 EMEA (United Kingdom, Ireland, Belgium, Holland, France, Spain, Portugal, Germany Switzerland, Austria, Poland, Norway, Finland, Sweden, Denmark, Estonia, Latvia, Lithuania Russia, Greece, Cyprus, Turkey, Hungary, Czech Republic, Romania, Slovakia, Slovenia, Bulgaria, Croatia, Egypt, Saudi Arabia, Oman, United Arab Emirates, Tunisia, Algeria, Morocco)
SOURCE Univar Solutions Inc.
Share this article