May 8 2018, David R Brown
Univar to acquire Earthoil, a UK-based supplier of natural oils
Univar Inc. (NYSE: UNVR), a global chemical and ingredient distributor, has announced that its wholly owned subsidiary, Univar Ltd., has reached an agreement to acquire Earthoil (“Earthoil Plantations Limited”), a subsidiary of Treatt plc, the London-listed manufacturer and supplier of innovative ingredient solutions for the flavor, fragrance, beverage, and consumer products industries. In 2017, the Company generated approximately USD 11 million in annual sales. The acquisition is expected to close at the end of May 2018.
Earthoil presents us with an attractive opportunity to add a natural ingredient product portfolio that we can leverage across our growing customer baseNick Powell
President Univar EMEA
Earthoil is a supplier of pure, organic, fair trade essential and cold-pressed vegetable seed oils used in the naturals, organic beauty, and personal care markets. The Company has well-established relationships with leading international personal care brands and provides brand owners with naturally sourced products and ingredients such as marula, moringa, argan, avocado, baobab and other natural vegetable and essential oils. Vegetable-origin and naturally-derived green and ethical ingredients are a frequent consumer demand in the beauty and personal care market.
“Earthoil presents us with an attractive opportunity to add a natural ingredient product portfolio that we can leverage across our growing customer base in the European and global natural beauty and personal care market,” said Nick Powell, Univar's president of EMEA. “Earthoil and Univar share a commitment to develop ethically and socially responsible ingredients for our customers as well as our key supplier partners.”
Richard Eyles, Earthoil general manager, commented “I'm really excited about this new chapter in the story of Earthoil. Over the last decade Earthoil has gained a justified reputation for supplying sustainable, organic oil ingredients for the personal care sector. The synergistic combination of Univar's global sales reach, distribution expertise and formulation laboratories, coupled with Earthoil's expertise in sourcing its provenance-rich range of essential oils and vegetable oils, will benefit our valued customers.”
Founded in 1924, Univar (NYSE: UNVR) is a global chemical and ingredient distributor and provider of value-added services, working with leading suppliers worldwide. Supported by a comprehensive team of sales and technical professionals with deep specialty and market expertise, Univar operates hundreds of distribution facilities throughout North America, Western Europe, Asia-Pacific and Latin America. Univar delivers tailored customer solutions through a broad product and services portfolio sustained by one of the most extensive industry distribution networks in the world.
Source(s): Univar Press Release