Acquisition enhances the Company's extensive
Bulk Chemical Distribution offerings, and operational and logistics
capabilities to meet growing customer needs
DOWNERS
GROVE, Ill., Sept. 5,
2023 /CNW/ -- Univar Solutions Inc. ("Univar
Solutions" or the "Company"), a leading global solutions provider
to users of specialty ingredients and chemicals, today
announces the acquisition of FloChem Ltd. and certain of its
affiliates ("FloChem"), an industry leader in the distribution of
chemicals and related dispensing systems in Eastern Canada. The acquisition gives the
Company access to new market segments, increased market position on
key in-demand products, and new service capabilities.
Univar Solutions Increases Footprint,
Product Portfolio and Services in Eastern
Canada with Acquisition of FloChem Ltd.
FloChem is a distributor of commodity and specialty chemical
solutions from North American manufacturers, including caustic
soda, hydrochloric acid, phosphoric acid, hydrogen peroxide, bleach
and sulfuric acid. Other offerings include products serving a
variety of disinfectant and cleaning formulations in wastewater and
water treatment; pool and spa; mini-bulk offerings; and food and
beverage, to name a few.
"As an industry leader in chemical distribution and dispensing
systems, FloChem is uniquely positioned within our Canadian market
to expand our bulk chemical distribution (BCD) network while
expanding our access to some of the most widely used industrial
chemicals and services," said David
Jukes, president and CEO of Univar Solutions. "This
acquisition demonstrates our continued focus on our growth strategy
and strategic imperatives to drive success now and into the
future."
FloChem also offers a variety of value-added services, including
specialty formulas/blends, custom packaging, and bulk freight
service through a dedicated private fleet of trucks and tanker
trailers.
"Responsiveness, reliability and safety are all hallmarks of our
commitment to customers and shared values between our two
companies," said Jim Holcomb,
president of North America and
chemicals and services for Univar Solutions. "The addition of
FloChem's value-added services helps us continue our focus on
service excellence while also opening the doors to several new
markets, increased local capabilities with the addition of
MiniBulk, and greater flexibility to manage logistics in
Eastern Canada."
"We couldn't be more pleased to join a leading global solutions
provider that aligns so well with our company, our values, and our
culture," said Terry Tucker, CEO and
president for FloChem. "This agreement represents a great step
toward increased collaboration with our customers and supply chain
partners to offer value-added products, solution-driven
initiatives, and innovative new processes."
Terms of the transaction were not disclosed.
About Univar Solutions
Univar Solutions 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 technical sales force, unparalleled
logistics know-how, deep market and regulatory knowledge,
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. While fulfilling its purpose to help keep communities
healthy, fed, clean and safe, Univar Solutions is committed to
helping customers and suppliers innovate and focus on Growing
Together. Learn more at univarsolutions.com.
About FloChem
FloChem is an industry leader in the distribution of chemicals
and related dispensing systems. Founded in 1992, FloChem works in
collaboration with its customers and supply chain partners to offer
value-added products, solution-driven initiatives and innovative
new processes. FloChem includes its own freight division with
in-house trained drivers to service customers as needed. To learn
more, visit flochem.com.
Forward-Looking Statements and Information
This communication contains "forward-looking statements" under
applicable law regarding financial and operating items relating to
the Company's business. Forward-looking statements generally can be
identified by words such as "believes," "expects," "may," "will,"
"should," "could," "seeks," "intends," "plans," "estimates,"
"anticipates" or other comparable terms. All forward-looking
statements made in this communication are qualified by this
cautionary language.
Forward-looking statements are subject to known and unknown
risks and uncertainties, many of which may be beyond the Company's
control, that could result in expectations not being realized or
could otherwise materially and adversely affect the Company's
business, financial condition, results of operations or cash flows.
Although the forward-looking statements are based on what
management believes to be reasonable assumptions, we caution you
that the forward-looking information presented in this
communication 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 communication. For additional information regarding factors
that could affect the Company, please see the Company's most recent
annual report and other financial reports, including the
information set forth under the caption "Risk Factors." Any
forward-looking statements represent the Company's views only as of
the date of this communication and should not be relied upon as
representing the Company's views as of any subsequent date, and the
Company undertakes no obligation, other than as may be required by
law, to update any forward-looking statement.
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SOURCE Univar Solutions Inc.
