Univar Closes Kemetyl Industrial Chemicals Acquisition
(4 months ago)
DOWNERS GROVE, Ill. and MALMO, Sweden: Univar Inc. ("Univar") announced today that its wholly-owned subsidiaries Univar AB in Sweden and Univar AS in Norway have successfully completed the acquisition of Kemetyl Industrial Chemicals ("Company"), a division of the Kemetyl Group. The Company generates approximately USD 30 million in annual sales.
"With the successful closing of this acquisition, Univar will enhance its brand, expand its leading position in the pharmaceutical market, and strengthen its expertise in water treatment in the Nordic region," said Steve Newlin, Univar's chairman and chief executive officer. "Both our companies have deep experience and key competencies in the life sciences market, and we are excited to offer Kemetyl's portfolio of sustainable products to enhance our value to our customers."
Kemetyl's offices in Sweden and Norway will continue to operate as usual while the integration process is completed. A total of 15 Kemetyl employees from both locations will immediately join the Univar family.
"Kemetyl Industrial Chemicals is a natural extension of Univar's existing strong market presence in EMEA," stated Ketil Stave, Kemetyl Group's chairman of the board. "Our industrial customers will see tremendous benefit from Univar's outstanding service, market intelligence and distribution network."