Univar Inc. acquired Nexeo Solutions, creating a global chemical and ingredient solutions provider. The combined company will conduct business as Univar Solutions.
“Univar Solutions is uniquely positioned to drive growth and deliver significant value for shareholders, customers, suppliers and employees,” says David Jukes, Univar Solutions president and CEO. “Together, we have the ability to redefine chemical and ingredients distribution, to deliver superior growth for our partners, people and shareholders.”
Univar Solutions combines the scale, broad product portfolio, technical expertise, relationship know-how and specialized services of Univar with the product knowledge, market expertise and scalable technology platform of Nexeo Solutions.
Univar Solutions will provide customers with access to a broad selection of products from suppliers and a growing portfolio of services. Backed by digital tools and a global network of 17 ‘Solution Centres,’ the company will help create new formulations and recipes that distinguish brands in the marketplace.
In addition to announcing the name under which the company will operate going forward, Univar unveiled the new Univar Solutions brand identity and logo.
Jukes adds, “Our new logo represents a commitment to constructive partnerships and collaborations with our customers and suppliers. It also reflects an updated mission of streamlining, innovating and growing through values that will govern our new company: serious about safety, people matter, we’re valuable to others, we do what we say, and together we win.”
Nexeo Solutions will divest its plastics distribution business, Nexeo Plastics, to an affiliate of One Rock Capital Partners LLC. The transaction is expected to close in the first half of 2019 and is subject to satisfaction of customary closing conditions.
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